[Alpha Biz= Paul Lee] Sangsangin Securities (KRX: 001290) announced on the 29th that it will sell 50,000 shares of Korea Exchange to Daol Investment & Securities on September 30.
The company stated that the purpose of the sale is to strengthen its financial structure and secure investment resources. The transaction is valued at KRW 15.25 billion, equivalent to 8.42% of Sangsangin Securities’ equity capital of KRW 181.1 billion.
Following the sale, Sangsangin Securities’ stake in Korea Exchange will be reduced to 2.87%, or 574,851 shares.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
