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The Korea Herald
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THE INVESTOR
March 29, 2024

Market Now

Hyundai Department Store’s VC sells entire HCN stake at W14b

  • PUBLISHED :October 17, 2018 - 10:15
  • UPDATED :October 17, 2018 - 10:15
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[DISCLOSURE] Hyundai HCN (126560) announced on Oct. 16 that Hyundai Department Store (069960)’s group vice chairman Chung Kyo-sun has sold his entire 3 percent stake (3,384,570 shares) to Hyundai Home Shopping (057050) in an after-hours block deal at W13.9 billion won (US$12.37 million).

The home shopping network announced its acquisition “to strengthen control over a solid affiliate” in a separate statement. Its stake has increased to 38.34 percent. 

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

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