Samra Midas (SM) group has consolidated its position as HMM’s third-largest shareholder after its subsidiary SM Line bought more HMM shares to grow the group’s stake in South Korea’s flagship carrier to 6.29%.
On 30 June, SM Line announced that it had purchased 3.77 million shares for KRW100 billion (US$76.6 million), extending an acquisition spree that started last December.
Although SM Line does not intend to revive its Korea Exchange listing, which was pulled last November, a company...
https://container-news.com/sm-line-strengthens-hold-over-hmm-with-more-shares-purchased/