KCC block trade

KCC's honorary chairman sells $137 million stake

As stock markets show signs of stabilising, at least for now, Sang Young Chung sells a 5% stake in Korean company KCC.

Sang Young Chung, honorary chairman and father of the current chairman of Korean construction materials manufacturer KCC Corp, yesterday sold a 5% stake in the company, raising W158.3 billion ($137 million).

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