South Korea’s SM Group has increased its ownership in HMM Co., the country’s top container shipping line. The 30th-largest conglomerate in Korea, which aims to buy a controlling stake in HMM, acquired more shares to boost its biggest local rival’s corporate value, market watchers say. SM Group’s...
https://www.hellenicshippingnews.com/koreas-sm-buys-shipping-line-hmm-shares-ahead-of-bidding/