이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
Hyundai Motor sells its remaining stake in KAI in block trade
- Collected
- 2016.11.24
- Distributed
- 2016.11.28
- Source
- Go Direct
According to multiple sources from the investment bank industry on Wednesday, Hyundai Motor offloaded its entire remaining 4.85 percent stake in KAI, less than a year after it sold off 5 percent of the 10 percent stake it owned in the aircraft manufacturer in March.
Hyundai Motor’s disposal of KAI stake follows a similar move by KAI’s two other major stake holders Hanwha Techwin Co., the defense and aircraft engine making unit of Hanwha Group, and DIP Holdings Co., a special purpose company set up by Doosan Group. In January, Hanwha Techwin sold 4 percent of its 10 percent stake in KAI in a block trade, while DIP Holdings disposed its whole 4.99 percent stake.
Market observers noted that a series of KAI stake sales by major shareholders indicated that none of them is interested in acquiring KAI. Instead, they are trying to take profits after KAI stocks have recently gained.
On Wednesday, shares of KAI fell 1.76 percent or 1,200 won from the previous session to end at 67,100 won.
By Kim Jung-hwan
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]