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March 28, 2024

Hanjin to invest W116b in Busan terminal

PUBLISHED : May 30, 2017 - 09:52

UPDATED : May 30, 2017 - 09:52

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[DISCLOSURE] Hanjin Transportation (002320) announced on May 29 that it has decided to acquire 1.66 million shares of its affiliate Hanjin Busan Container Terminal for 116 billion won (US$103.33 million) “to appropriate capital following Felicia’s exercise of its put out option for RCPS.” 

Its stake will increase to 62.87 percent. 

By Hwang You-mee (theinvestor@heraldcorp.com)

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