PanOcean sells all stake in Hanjin KAL, possibly moving toward acquisition of HMM = South Korea

Panocean, a shipping company of the Halim Group, held a board of directors meeting on the 16th and announced that it held 3,903,973 shares of Hanjin KAL, a holding company of the Hanjin Group (equity ownership ratio: 5.8%).
%) for 162.8 billion won (approximately 17,987,510,000 yen), it was revealed on the 17th.
Last May, Panocean invested 111 million won (approximately 12.26 million yen) in Hanjin KAL.
After acquiring the stake, the stake increased to 5.8%, including additional acquisitions. At the time, PanOcean explained that the purpose of the stock acquisition was simply an investment. The same will be achieved through the sale of this stake.
The company will receive a difference of approximately 16.8 billion won (approximately 1,856,080,000 yen). Meanwhile, Harim Group is currently engaged in a takeover battle for shipping giant HMM (formerly Hyundai Merchant Marine). in preliminary bid
The three companies that announced their intention to acquire the companies, including Toen Sangyo, a major seafood company, Harim JL Partners Consortium, and LX International, a general trading company, were examined for about two months starting in September.
After the matter is advanced, the candidates for preferential negotiations are scheduled to be decided in November.