South Korean state may prefer bigger stake in cash-rich HMM to a sale
The South Korean state could increase its stake in HMM to 72%, as the country’s ...
Photo: SM Line
UPDATED 21.7.23 TO INCLUDE SHARE SALE DETAILS
Samra Midas (SM) Group’s founding chairman, Woo Oh-hyun, has at last confirmed his sights are set on taking over South Korean flagship carrier HMM, after becoming its third-largest shareholder.
Mr Woo disclosed his plans during an interview with the Korea Economic Daily yesterday, more than a week after HMM disclosed that SM Group had increased its stake to 6.56%.
The group, that includes rival box carrier SM Line and dry bulk specialists Korea Line Corp and ...
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