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A container vessel operated by HMM. (Photo = HMM) |
[Alpha Biz= Kim Jisun] HMM announced on the 17th that it has completed the public tender offer for 81,801,526 of its own shares. The acquisition price was set at KRW 26,200 per share, amounting to a total of approximately KRW 2.1432 trillion.
The total number of shares tendered reached 861,266,700. Both the company’s largest and second-largest shareholders — Korea Development Bank (KDB) and Korea Ocean Business Corporation (KOBC) — participated in the buyback. KDB disposed of 35,065,870 shares (approx. KRW 918.7 billion), while KOBC sold 34,723,147 shares (approx. KRW 909.7 billion).
As a result, KDB’s stake decreased to 32.60%, while KOBC’s fell to 32.28%, each down by about 3 percentage points.
With the buyback now complete, KDB is expected to accelerate its divestment process. Recently, POSCO Group has reportedly formed an advisory consortium and signaled interest in acquiring HMM.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
