In today’s briefing:
- Another Brewing Fight for the Controlling Shareholding of Hanjin Kal?
Another Brewing Fight for the Controlling Shareholding of Hanjin Kal?
- On 14 March, NPS announced that it has decided to vote against the re-appointment of the CEO Cho Won-tae as the executive director of Korean Air Lines.
- It was also announced on 14 March that GS Retail purchased a 1% stake in Hanjin Kal. In addition, Korean Air Lines also purchased a 1.2% stake in GS Retail.
- One of the growing probabilities of the changing shareholding structures is that KDB may be interested in selling its 10.6% stake in Hanjin Kal.
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