Korean deals reopen the Asian market for blocks

The CJ group sells $300 million of stock in Samsung Life and a charitable foundation raises $230 million by divesting part of its holdings in Hyundai Glovis.

It took just over a week of more upbeat markets, but finally a couple of blocks emerged in Asia the first in almost six weeks. Both trades were in Korean companies and raised a combined $530 million.

The CJ group pocketed W342 billion $300 million by selling down its stake in Samsung Life through two separate entities and a Korean charity foundation raised W264 billion $230 million from a fixed-price sale of shares in logistics...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition