Hanjin to invest W116b in Busan terminal
[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)