Modern merchant selling $26 million in assets
- Autor:Stander
- Fuente:http://news.global56.com
- Fecha de Publicación:2016-06-01
Due to higher stock, hyundai merchant co., LTD (HMM) is by selling an asset to raise more cash.
A regulatory documents show that the reorganization of the company plans to underweight in kookmin bank (KB Financial) of 30.8 billion won ($26.12 million) worth of shares.
KB has agreed to buy the HMM holdings of $1.04 billion worth of modern securities brokerage company stock, payment within this month.
For owner's losses, the money is very important, the owner in order to achieve reduction is still in negotiations with third party shipping company.
The money will make owner through the bank creditor's rights debt cancellation, avoid the court to take over.
On Friday, the HMM's share price rose as high as 29.65%, to 12200 won.
A regulatory documents show that the reorganization of the company plans to underweight in kookmin bank (KB Financial) of 30.8 billion won ($26.12 million) worth of shares.
KB has agreed to buy the HMM holdings of $1.04 billion worth of modern securities brokerage company stock, payment within this month.
For owner's losses, the money is very important, the owner in order to achieve reduction is still in negotiations with third party shipping company.
The money will make owner through the bank creditor's rights debt cancellation, avoid the court to take over.
On Friday, the HMM's share price rose as high as 29.65%, to 12200 won.