KRX OKs Hanjin Shipping's relisting next week

SEOUL, Dec. 24 (Yonhap) -- The bourse operator, the Korea Exchange (KRX), gave
the green light Thursday to the relisting of Hanjin Shipping Co. next week
following the shipping firm's launch of a holding company.
Hanjin Shipping Co. will list around 74.1 million shares starting Tuesday,
inheriting about 83.8 percent of the total equities it had before it spun off its
holding firm, according to the KRX.
The nation's biggest sea freight company on Dec. 1 launched Hanjin Shipping
Holdings Co., which took over investment and management operations from Hanjin
Shipping Co.
The holding firm earlier received approval from the KRX to relist the remaining
14.2 percent of shares on Seoul's main bourse, also set for the same day.
pbr@yna.co.kr
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