Update: KDB to exchange 37% of HMM convertible bonds; state to sell nearly 58% stake

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...

https://container-news.com/update-kdb-to-exchange-37-of-hmm-convertible-bonds-state-to-sell-nearly-58-stake/

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