Firm linked to Korean Air' parent falls on activist fund's stake purchase

Hanjin Logistics

04/01/2019 01:39

** Shares of Hanjin Transportation Co Ltd  002320.KS , the
shipping arm of Korean Air Lines Co Ltd's  003480.KS  parent
Hanjin Group, fall as much as 11.2 pct, their lowest since Nov
27, 2018  
    ** Stock down after a South Korean private equity fund
acquired stake in Hanjin Transportation
    ** South Korean private equity fund KCGI's special purpose
entities bought an 8 pct stake in Hanjin Transportation -
regulatory filing https://bit.ly/2GSsrPd
    ** The activist fund KCGI's another entity Grace Holdings
previously acquired a 9 pct stake in Hanjin Kal Corp
 180640.KS , a holding company of Hanjin Group that runs Korean
Air Lines  urn:newsml:reuters.com:*:nL4N1XR1DN
    ** Broader market  .KS11  down 0.2 pct, as of 0127 GMT

 ((Reuters Messaging: joori.roh.thomsonreuters.com@reuters.net))