SINGAPORE: Hanjin Shipping Co shares surged by their daily limit of 30% in Seoul after a local media report that the sale of the collapsed container mover’s US-Asia assets to a unit of South Korea’s SM Group is approaching its completion.
The stock capped its biggest gain on record and closed at 481 won in Seoul after Edaily reported the asset sale may be concluded as early as next week, citing an SM Group official.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
