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Hanjin Heavy Industries & Construction Co Ltd to Sell off Entire Stake in Pusan New Port Company

Tuesday, 23 Jul 2013 02:30am EDT 

Hanjin Heavy Industries & Construction Co Ltd announced that it has decided to sell its entire 4.50% stake (10,776,020 shares) in Pusan New Port Company, which is engaged in the port construction, construction, management and operation, for KRW 84,052,956,000, to collect investment funds. The transaction is expected to be settled on December 31, 2015. 

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