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Photo courtesy of Yonhap News |
[Alpha Biz= Ellie Kim] GS Group has increased its stake in Hansol Chemical to 8.9%, strengthening its position as a key shareholder.
Hansol Chemical disclosed on May 19 that GS now holds 1,011,760 shares. The group had previously owned 4.97% (565,560 shares) as of May 12 and acquired an additional 446,200 shares through open-market purchases over the following days. The purchase price ranged from KRW 288,754 to KRW 306,330 per share.
GS stated that the investment is for general investment purposes.
Following the increase, Hansol Chemical’s major shareholders include the National Pension Service with a 12.74% stake, Chairman Cho Dong-hyuk and related parties with 9.23%, and GS with 8.9%.
GS Group first became a friendly shareholder in August last year after acquiring a 2.74% stake from Chairman Cho.
Hansol Group traces its origins to the family of Lee Byung-chul. Hansol Chemical is led by Cho Dong-hyuk, the eldest son of the late Lee In-hee, while Hansol Holdings is headed by his younger brother Cho Dong-gil.
Alphabiz Reporter Ellie Kim(press@alphabiz.co.kr)
https://www.alphabiz.co.kr/news/view/1065619570859300
This article is based on global economic content from Alphabiz, which distributes English-language news on Korean markets and companies to international audiences.
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