SM group, comprising SM Line and its affiliates, has become HMM’s third largest shareholder after buying a substantial number of shares on 20 June.
In a filing to South Korea’s Financial Supervisory Service, SM Line said that the shares are held by itself and its related entities, namely Korea Shipping Corporation, SM Hi-Plus, Woobang Construction, STX Construction and Korea Line Corporation.
SM group chairman Woo Oh-hyun owns 1.29 million shares.
SM group now owns 5.52% of HMM, just behind state...
https://container-news.com/sm-line-ups-hmm-stake-to-5-52-denies-acquisition-ambitions/