Hoban Group Increases Hanjin KAL Stake to 20.15% on July 10, Narrowing Gap with Chairman Cho

According to Seoul Economic Daily, on July 10, Hoban Group increased its stake in Hanjin KAL to 20.15% from 18.46% through open market purchases. The shareholding gap between Hoban Group and Hanjin Group Chairman Cho Won-tae narrowed to 0.41 percentage points, with Cho's related parties holding 20.56%. Hoban Group stated the stake acquisition is for investment purposes.
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