Hyundai Mipo exits KCC with $121m clean-up sale

The transaction extends the recent revival in Korean deal flow after a particularly strong first quarter and provides some solace after the Hotel Lotte IPO was pulled.

Hyundai Mipo Dockyard raised W142.1 billion ($121 million) through a clean-up trade in chemical and auto parts manufacturer KCC Corp on Tuesday, extending Korea's strong run of secondary share sales so far this year.

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