Block deal for shares in Doosan Bobcat worth KRW 190 billion held by NH Investment & Securities and Korea Investment & Securities

COMPANY / Reporter Paul Lee / 2023-03-08 05:19:32
This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology
(사진=연합뉴스)

 

[Alpha Biz=(Chicago) Reporter Paul Lee] Some of Doosan Bobcat's shares held by major securities firms such as NH Investment & Securities Co. and Korea Investment & Securities Co. will be sold in a block deal manner.

According to the investment bank industry on the 7th, securities firms such as NH Investment & Securities Co., Korea Investment & Securities Co., Kiwoom Securities Co. and Shinyoung Securities Co. began predicting institutional block deal demand for the sale of 4,866,525 shares held by Doosan Bobcat as a profit swap (PRS). Based on the closing price of the day, it reaches 191.3 billion won.

The weekly discount rate will be determined between 36,900 won and 36,150 won, with a maximum of 8.03 percent applied from 6.11 percent to the closing price of the day. NH Investment & Securities Co. and Korea Investment & Securities Co. jointly headed the sale of the block deal.

NH Securities, Korea Investment & Securities, Kiwoom Securities, and Shinyoung Securities purchased a 10.6% (9,866,525 shares) stake in Doosan Bobcat held by Doosan Energy (formerly Doosan Heavy Industries & Construction) in 2018 through a return swap (PRS).

Meanwhile, these securities firms also launched a block deal on their 5 million shares (4.9%) in November last year.

 

Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)

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