S.Korea's Hankook Technology Group chairman sells all his shares to second son

Hankook Tire & Technology

30/06/2020 03:50

SEOUL, June 30 (Reuters) - South Korea's Hankook Technology
Group Co Ltd  000240.KS  said on Tuesday that Chairman Cho
Yang-rai had sold all of his 23.59% stake in the group to his
second son.  
    With his father's shares in hand, Cho Hyun-bum,
chief-executive of South Korea's top tyre maker Hankook Tire &
Technology Co Ltd  161390.KS , now owns a nearly 43% stake in
the tyre maker's parent company, becoming the largest
shareholder. 

 (Reporting by Heekyong Yang and Hyunjoo Jin; Editing by Kim
Coghill)
 ((Heekyong.Yang@thomsonreuters.com; +82 2 6936 1470;))