Hyundai units drive off with W226bn from share sale

By John Loh
30 Jun 2016

Two Hyundai-related units cleared out of their holdings in Hyundai Motor Co for W226.14bn ($192.9m) on Wednesday, in an accelerated bookbuild that priced close to the bottom of guidance.

Hyundai Heavy Industries and Hyundai Samho Heavy Industries launched the secondary placement in the South Korean carmaker after the market close, offering 1.65m shares for W136,600-W139,000 each.

The discount was a tight 0%-1.73% to Hyundai Motor’s last close of W139,000, which is typical in Korea. Bank of ...

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