[Special Stock] HD Hyundai Heavy Industries Plummets on Block Deal by Largest Shareholder
HD Hyundai Heavy Industries, the largest shareholder of HD Korea Shipbuilding & Offshore Engineering, is experiencing a sharp decline due to the 'off-hours block trade' disposal.
At 10:20 a.m. on the 17th, HD Hyundai Heavy Industries was trading at 131,300 KRW, down 6.55% (9,100 KRW) from the previous day. Shortly after the market opened, it hit a low of 129,100 KRW.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Don't Throw Away Coffee Grounds" Transformed into 'High-Grade Fuel' in Just 90 Seconds [Reading Science]
- Signed Without Viewing for 1.6 Billion Won... Jamsil and Seongbuk Jeonse Prices Jump 200 Million Won in a Month [Real Estate AtoZ]
- "Groups of 5 or More Now Restricted"... Unrelenting Running Craze Leaves Citizens and Police Exhausted
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
HD Korea Shipbuilding & Offshore Engineering announced after the market closed the previous day that it would dispose of HD Hyundai Heavy Industries shares through a block deal. Before the market opened that day, HD Korea Shipbuilding & Offshore Engineering stated it would dispose of 2,663,000 shares of HD Hyundai Heavy Industries, worth 349.6519 billion KRW, at 131,300 KRW per share. This price is 6.5% lower than the previous day's closing price of 140,500 KRW.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
