LIG Nex1 $100m block launched amid Korea tensions

Pre-IPO investor STIC Investments has timed the sale of shares in the defense contractor just as tensions on the Korean peninsula rise.

LIG Nex1 $100m block launched amid Korea tensions

Private equity firm STIC Investments completed a W122.1 billion $100 million sale of LIG Nex1 shares late Thursday, taking advantage of the stock's climb towards all-time highs due to heightened tensions on the Korean peninsula.

Korea's STIC, one of eight investors to take a combined 49% stake in the military contractor before the company listed on the Korea stock exchange last year, marketed 1.1 million LIG Nex1 shares at an indicative price range of...

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