Hyundai Motor block extends group asset sale

Hyundai Heavy Industries and Hyundai Samho Heavy Industries raised $191 million from a clean-up sale of Hyundai Motor shares.

Hyundai Motor block extends group asset sale

Hyundai Heavy Industries sold its entire shareholding in Hyundai Motor for W226 billion $191 million through a secondary block trade late Wednesday as it continues to offload non-core assets as part of a corporate restructuring exercise.

Wednesday’s trade saw Hyundai Heavy Industries and its subsidiary, Hyundai Samho Heavy Industries, sell a combined 1.65 million shares in the automotive manufacturing unit at W136,700 per share, according to sources familiar with the situation.

The...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...