[Alpha Biz=(Chicago) Reporter Kim Jisun] The Korea Development Bank and the Korea Maritime Promotion Agency, which are seeking to sell the HMM, have decided to sell all 398.7 million shares of the HMM as planned.

"There is no change in the number of shares subject to sale (including 200 million permanent bonds)," a senior official in the industry familiar with the situation at the Korea Development Bank said on the 20th. "We are doing our best to ensure that the sale of HMM is carried out well and will proceed as scheduled."

The Korea Development Bank announced the sale of HMM shares in July, explaining that the target shares were 398.79 million shares. At that time, KDB added a clue that the number of stocks subject to the bid could change at the time of the final bid. For this reason, there has been an analysis that the number of shares sold may be adjusted as HMM shares have risen recently, but this possibility has been ruled out.

"The selling side basically looks at the market cap, but the example price is determined because it evaluates the value of the company," the official said. "The stock price may be different before and after six months due to various factors, but the fundamental corporate value does not change."

 

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