S.Korea's E-Mart surges on plan to sell assets, buy-back

E-Mart

13/08/2019 02:03

** Shares of E-Mart  139480.KS  soar as much as 6.2% after
it announces plans to sell assets and boost share price
    ** South Korea's major retailer says it plans to sell around
10 discount stores for 1 trillion won ($821.22 mln)  urn:newsml:reuters.com:*:nS6N254008
    ** Company says will buy back shares worth 95 bln won;
Reports operating loss of 30 bln won in Q2  urn:newsml:reuters.com:*:nS6N24X01V
    ** E-Mart shares down nearly 40% so far this year, compared
with a 5.3% fall in the broader market  .KS11 
    ** The KOSPI was trading down 0.5% 

 ($1 = 1,217.7000 won)

 ((hayoung.choi.thomsonreuters.com@reuters.net))