Pan Ocean buys 5% of Hanjin KAL from Hoban Construction
Ik-Hwan Kim
Dec 07, 2022 (Gmt+09:00)
Pan Ocean Co., the shipping affiliate of Harim Group, on Tuesday said it bought a 5% stake or 3.3 million shares in Hanjin KAL Corp. in a block deal for 125.9 billion won ($95 million).
Pan Ocean said it bought part of the builder's shares as a simple investment and raised its stake in Hanjin KAL from 0.8% to 5.8%.
An industry source said, "Harim Group seems to be doing a variety of investment groundwork given its considerable interest shown in entering the airline industry."