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July 19, 2018

Hanwha Aerospace to sell W251.4b stake in KAI

PUBLISHED : July 11, 2018 - 10:15

UPDATED : July 11, 2018 - 10:15

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[DISCLOSURE] Hanwha Aerospace (012450) announced on July 10 that it has decided to sell 5,847,511 shares in Korea Aerospace Industries (047810) at 251.4 billion won (US$224.12 million) in an after-hours block deal on July 11 “to secure investment funds to leap to a global aircraft engine manufacturer.” 

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

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