Kumho Industrial says to sell its $314 mln stake in Asiana Airlines

Kumho Engineering & Construction

15/04/2019 04:45

SEOUL, April 15 (Reuters) - Kumho Industrial  002990.KS 
said on Monday it had decided to sell its one third stake in
Asiana Airlines  020560.KS , worth around 356.3 billion won
($314.25 million)
     The company said in a regulatory filing that its board had
approved the stake sale plan, aimed at securing liquidity and
improving its financial structure.
    Shares in Asiana jumped 30 percent earlier on Monday to
their highest in more than three years after local media
reported on the stake sale plan.  urn:newsml:reuters.com:*:nL3N21X0EY    
($1 = 1,133.8000 won)

 (Reporting by Ju-min Park; Editing by Muralikumar Anantharaman)
 ((ju-min.park@thomsonreuters.com; +82 2 3704 5650; Reuters
Messaging: ju-min.park.thomsonreuters.com@reuters.net))