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Hyosung Group Vice Chairman Cho Hyun-sang (photo = Hyosung) |
[Alpha Biz= Reporter Paul Lee] Hyosung Heavy Industries announced on the 19th that Vice Chairman Cho Hyun-sang sold 160,817 shares in the market.
The disposal unit price is 326,970 won per share, totaling 52.5823 billion won.
As a result, Vice Chairman Cho's stake in Hyosung Heavy Industries decreased from 4.88% to 3.16%.
This stock disposal is a necessary equity arrangement for the separation of affiliates. Vice Chairman Cho is believed to have disposed of his stake in Hyosung Heavy Industries, which will be led by Chairman Cho.
AlphaBIZ Paul Lee(hoondork1977@alphabiz.co.kr)
