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S. Korea's Celltrion says top shareholder drops plan to sell stake
July 2, 2014 / 7:26 AM / 3 years ago

S. Korea's Celltrion says top shareholder drops plan to sell stake

SEOUL, July 2 (Reuters) - Celltrion Inc said on Wednesday its top shareholder is no longer considering a sale of a stake in the biotechnology company.

Founder and Chief Executive Seo Jung-jin last year said he would seek a buyer among multinational drugmakers for his controlling interest in the company.

Celltrion is the largest stock on South Korea’s junior bourse with a market value of 4.87 trillion won ($4.83 billion) as of Wednesday’s close.

$1 = 1009.1000 South Korean Won Reporting by Joyce Lee; Editing by Christopher Cushing

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