Hoban Construction increases its stake in Hanjin KAL to 20.15%, narrowing the gap with Cho Won-tae to 0.41%p
Hoban Construction increased its stake in Hanjin KAL through open-market purchases to 20.15%, narrowing the gap with Chairman Cho Won-tae to 0.41percentage points. On the same day, the KOSPI rose 7,475.94 to 184.03 points (2.52%), and an intraday buy-sidecar was triggered.
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Hoban Construction increased its stake in Hanjin KAL through open-market purchases to 20.15%, narrowing the gap in ownership percentage with Chairman Cho Won-tae to 0.41percentage points. This was an event related to changes in the major-shareholder structure and the immediate issuance of relevant disclosures.
In a company disclosure, it stated that it would maintain its purpose of holding the stake as “simple investment,” as before. It specified that there had been no change in the purpose of holding the stake.
Previously, its stake was in the 18% range, and reports said that the purchase pushed its ownership percentage above 20%. The common fact was that it increased its stake through open-market purchases.
On the same day, the KOSPI 7,475.94closed the session. Compared with the previous day, it was up by 184.03points, or 2.52%.
A buy-sidecar was triggered during the session. Nevertheless, the index closed with a gain in the 2% range.
Several reports put the gap in ownership percentages at 0.41percentage points or 0.42percentage points, respectively. The difference in detailed figures reflects differences in the timing of the respective reports' calculations.
The ownership percentages and stated purposes of holdings announced in disclosures by financial authorities and in each company's regular disclosures can be verified. The related disclosures are official grounds for making investment decisions.