Hite Jinro Holdings said on Friday it will sell off 3 million of Hite Jinro shares to redeem the beverage seller’s debts and improve its overall financial health.
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(Hite Jinro Holdings) |
Hite Jinro Holdings is the parent company of Hite Jinro. The firm said the sales -- worth 80.6 billion won and amounting to a 4.2 percent stake -- would be done though after-hour trading.
Hite Jinro’s stocks were trading 6.06 percent lower at 27,150 won as of 1:30 p.m.
(
yoonmi@heraldcorp.com)
