Hanon Systems "Specific Details Regarding Sale Still Undecided"
[Asia Economy Reporter Minwoo Lee] Hanon Systems recently addressed rumors regarding the sale of Hanon Systems by its largest shareholder. The company stated, "After confirming with our largest shareholder, Hanon Systems Holdings Limited Partnership, we received a response that the largest shareholder has selected Morgan Stanley and Evercore as advisors and is reviewing various strategic options, including the sale of shares. However, there have been no specific decisions or confirmations made to date." They added, "We will re-disclose the information either when specific details are decided or within one month."
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