HS Industries, 420 manju block deal ... Overhang, but eliminated

[Korea goyounghun financial newspaper reporter] HS alaeneyi the reserves and the sale of 7.59% stake in HS Inter registry, 4,200,000 shares in.

HS Industries last year, consolidated sales 1.0112 trillion won, operating profit of 78.1 billion won and net profit of 44.9 billion won, while recording the performance of each sales compared to 35.4% in 2015 and an operating profit of 76.4%, net income increased 108.7%.

But naohmyeonseo talk about the overhang on the market was continuing a narrow range since last year's pace in six months in September. Thus, the main reason for this block deal is envisaged to have been part of the overhang resolution and voting rights.

According to the block deal Sponsor of SK Securities official he said, "Recently HS Industries has received a burden to the issue price for overhang overhanging concerns that were lost due to this block deal."

Alaeneyi HS and HS Industries is a situation that fits holding a stake in each other. The HS alaeneyi was 17.57% (972 shares) a share of the HS Industries, HS Industries holds a 9.90% (63.9 shares) a share of the HS alaeneyi.

Since the voting for the shares of Commercial exceed 10%, while the sale of HS Industries shares without voting rights of 7.59% stake in HS alaeneyi this is due to hold a stake of 9.98%.



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