이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
Templeton Asset Management ups its stake in DSME
- Collected
- 2016.07.14
- Distributed
- 2016.07.15
- Source
- Go Direct
The long-term and value oriented-investment firm on Wednesday said in a regulatory filing that it has a 5.06 percent stake, or 13,825,611 shares, in DSME as of July 11. It had a 4.31 percent stake, or 11,777,461 shares, in DSME as of January 11. The asset management firm started buying stakes in the shipbuilder since June last year taking advantage of sharp fall in its stock value on liquidity woes.
Templeton Asset Management also announced in a regulatory filing in May that it owned a 5.13 percent stake, or 11,834,508 shares, in Samsung Heavy Industries Co., another long-beleaguered Korean shipbuilder as of May 26.
An unnamed official at Templeton Asset Management said the company has been collecting shares of the debt-ridden Korean shipbuilders that are currently restructuring at the order of Executive Chairman of Templeton Emerging Market Group Mark Mobius, one of the most high-profile investors in emerging markets. He added that those shares will be included in the Templeton Global Emerging Markets Fund, not in funds operated in Korea. Mobius recently said in an interview with CNBC that Asia would become the international financial hub after the U.K.’s vote to leave the European Union (EU).
By Lee Yong-gun
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]