[DISCLOSURE]
Hanjin Shipping (117930) has decided to sell share of its Chinese affiliate Shandong Hanjin Logistics worth 9.5 billion won (US$8.3 million) to secure liquidity, it announced on June 24.
The shipping company will also sell its shares of Dalian Hantong Logistics and Shanghai Hanjin Freight & Transportation, worth 2.6 billion won and 8.8 billion won respectively, it announced in separate statements.