[Alpha Biz= Reporter Paul Lee] Hyosung Heavy Industries announced on the 19th that Vice Chairman Cho Hyun-sang sold 160,817 shares in the market.

The disposal unit price is 326,970 won per share, totaling 52.5823 billion won.

As a result, Vice Chairman Cho's stake in Hyosung Heavy Industries decreased from 4.88% to 3.16%.

This stock disposal is a necessary equity arrangement for the separation of affiliates. Vice Chairman Cho is believed to have disposed of his stake in Hyosung Heavy Industries, which will be led by Chairman Cho.

 

 

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