Celltrion Healthcare, Studio Dragon blocks fetch $388m

Korea exchange 230-150x
By Jonathan Breen
08 Apr 2020

The controlling shareholder of South Korean entertainment company Studio Dragon raised W166.1bn ($136.2m) this week after selling a portion of its stake.

The vendor, CJ ENM, came to the market on Monday night with an offer of 2.25m of its shares in Studio Dragon, equal to 8% of its subsidiary’s total share capital.

Sole bookrunner JP Morgan launched an accelerated bookbuild for the sale at 4.14pm Hong Kong time, after ...

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