Fund divests Hyundai Development block

Investor cashes out of Korean property and infrastructure developer.
January 18, 2006

An undisclosed institutional investor netted $129 million from a placement of shares in Korean construction company Hyundai Development Co yesterday (January 18). The deal marked the third Asian divestment by an institutional investor so far this year following sell-downs in Techtronic Industries and STATS ChipPac.

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