Korea Development Bank (KDB) has announced that as part of its divestment of HMM’s shares, it will sell all its existing shares, plus 37% of its convertible bonds.
In a notice posted on 20 July on Korea Online E-procurement System, which manages the South Korean government’s procurement processes, including bidding and contract-signing, KDB said that it will sell its 20.69% stake, comprising 101.19 million shares. KDB will also exchange KRW1 trillion (US$782 million) of the KRW2.7 trillion...