Kakao Pay was weak in the 3% range due to the block deal news of Alipay, the second largest shareholder

COMPANY / Reporter Kim SangJin / 2024-03-07 03:11:33
카카오페이 (사진=연합뉴스)

 

[Alpha Biz=(Chicago) Reporter Paul Lee] Kakao Pay is weakening in the aftermath of the after-hours trading (block deal) of Alipay, the second largest shareholder.

At 9:30 am on the 6th, Kakao Pay was traded at 41,000 won, down 1,550 won (3.64%) from the previous day.

Alipay Singapore is said to have started forecasting demand from investors to sell 2.2% of Kakao Pay's stake the previous day.

The expected demand forecast price is 38,380 won per share, and the number of shares to be sold is 2.95 million shares, which is about 113 billion won. Goldman Sachs was in charge of the host.

Meanwhile, Alipay Singapore is the second largest shareholder with a 34.2% stake in Kakao Pay. Earlier, Alipay Singapore sold its 9.8% stake in Kakao Pay as a block deal in 2022.

 

Alphabiz Reporter Kim SangJin(hoondork1977@alphabiz.co.kr)

어플

주요기사

Eastar Jet Founder Lee Sang-jik Acquitted in Hiring Irregularities Case on Appeal
SK & AWS Ulsan AI Data Center Plan Faces Delay as Ulsan Mipo Industrial Complex Excluded from Korea’s Distributed Energy Special Zone
Seoul High Prosecutors’ Office Launches Search of Ssangbangwool Group Subsidiary Amid Allegations of “Salmon & Soju Party” Witness Bribery in North-Korea Remittance Probe
National Pension Service of Korea to Support Elon Musk’s Compensation Package at Tesla; Opposes AI-Startup Investment Proposal
Hyundai Rotem Refutes Allegations of Supplying Faulty Locomotive Parts to Bangladesh
뉴스댓글 >

SNS