La Defense may have a say over Hanmi Pharm's family feud

Quick Summary:

La Defense’s purchase of Hanmi Science shares came on the heels of it buying a combined 3.7% stake in the company from Hanmi Pharmaceutical Group Chairman and Lim’s mother Song Young-sook and her daughter Lim Ju Hyun, as well as from the group’s cultural foundation.

In after-hours trade on Tuesday, La Defense snapped up 950,000 shares in Hanmi Science from an unidentified global hedge fund, for 33.2 billion won ($24 million), or 35,000 won per share, people familiar with the matter told Market Insight, The Korea Economic Daily’s capital markets news outlet.

Including La Defense and other shareholders in support for Song and her daughter, they control 49.42% of Hanmi Science, widening its gap with a 25.62% stake held by Song’s two sons: Lim Jong-hoon and Jong-yoon, older son and director of Hanmi Science.

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Article Details

Category: Economy

Markets: South Korea

Topics: Global Hedge Stake Company Vote Pharmaceutical Defense Hanmi Science Song Shares

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-26 @ 17:39:44 (1 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 552 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 23882993

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