Hyundai Glovis shelves $1.25bn block on lack of domestic interest

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Hyundai Glovis shelves $1.25bn block on lack of domestic interest

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Gyeongbokgung palace in Seoul, Korea | kikujungboy - Fotolia

The first major block deal out of Asia ex-Japan this year failed to get off the ground after South Korea’s Hyundai Glovis pulled a $1.25bn share sale due to insufficient demand from investors, despite the trade offering a hefty discount.

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