Kia sells Hyundai Hysco stake

Car manufacturer divests stake at all time high.
August 03, 2005

Kia Motor sold a 10% stake in Hyundai Hysco yesterday (August 3) raising $121 million via Credit Suisse First Boston. The car manufacturer sold 8.14 million shares at Won15,100, which represented a 5% discount to the stock's Won15,900 close.

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