Coway says biggest shareholder suspends stake sale plan

Coway

09/09/2016 09:05

SEOUL, Sept 9 (Reuters) - South Korea's Coway  021240.KS  
said on Friday its top shareholder, Coway Holdings, had decided 
to suspend its plan to sell a stake in the country's largest 
water purifier rental firm, believing its shares are 
undervalued.   
    South Korean private equity firm MBK owns a stake of 30.9 
percent in Coway through the holding company. 
    Goldman Sachs was advising the deal.  
 
 (Reporting by Hyunjoo Jin; Editing by Clarence Fernandez) 
 ((hyunjoo.jin@thomsonreuters.com; 82-2-3704-5685; Reuters 
Messaging: hyunjoo.jin.thomsonreuters.com@reuters.net)) 
 
Keywords: COWAY SALE/