[Special Stock] HD Hyundai Heavy Industries Plummets on Block Deal by Largest Shareholder

HD Hyundai Heavy Industries, the largest shareholder of HD Korea Shipbuilding & Offshore Engineering, is experiencing a sharp decline due to the 'off-hours block trade' disposal.

At 10:20 a.m. on the 17th, HD Hyundai Heavy Industries was trading at 131,300 KRW, down 6.55% (9,100 KRW) from the previous day. Shortly after the market opened, it hit a low of 129,100 KRW.

HD Korea Shipbuilding & Offshore Engineering announced after the market closed the previous day that it would dispose of HD Hyundai Heavy Industries shares through a block deal. Before the market opened that day, HD Korea Shipbuilding & Offshore Engineering stated it would dispose of 2,663,000 shares of HD Hyundai Heavy Industries, worth 349.6519 billion KRW, at 131,300 KRW per share. This price is 6.5% lower than the previous day's closing price of 140,500 KRW.