THE INVESTOR

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November 17, 2018
choice2018
[THE INVESTOR] Local private equity fund KGCI has become the second-largest shareholder of Hanjin KAL, operator of the country’s largest airline Korean Air, seen as a challenge to the management of the troubled firm. KGCI announced on Nov. 15 it has acquired 5,322,666 shares or 9 percent stake in Hanjin KAL for 24,557 won (US$21.47) apiece through its subsidiary Grace Holdings. It has become the second-largest stakeholder after Chairman Cho Yang-ho and people close to him who own 28.95 percent s
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