In today’s briefing:
- Hanwha Ocean’s June 22 Release of a 1.68% Stake Grabs Local Market Attention
Hanwha Ocean’s June 22 Release of a 1.68% Stake Grabs Local Market Attention
- The June 22 lock-up release, involving a 1.68% stake by Eximbank, is drawing attention, with concerns these shares might hit the market immediately, impacting prices significantly.
- Eximbank is likely to sell its shares quickly post-lock-up, fueling speculation and potential market reactions, as their focus is on financial stability, not long-term holdings.
- The 1.68% block deal could significantly impact Hanwha Ocean’s price, similar to last year’s 6.4% drop after a smaller block deal announcement by the Korean Financial Services Commission.
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