NewsPress Release
December 09, 2004
Daum Communications sold off 6% stake in Hyundai Home shopping
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Daum Communications sold off 6% stake in Hyundai Home shopping (Edaily)
Daum made a disclosure that the company disposed of its 6% stake (540,000 shares) in Hyundai Home Shopping. The company initially acquired Hyundai Home shopping shares in May 7th, 2001 with 5,000 won per shares and sold of 10,000 per share recognizing 2.7bn won profit.
The company disclosed profit taking for the reason for disposing the investment. This corresponds with the company“s plan as the IR announced that the company will sell off non-core business or investment during the 3Q04 results conference.
Daum made a disclosure that the company disposed of its 6% stake (540,000 shares) in Hyundai Home Shopping. The company initially acquired Hyundai Home shopping shares in May 7th, 2001 with 5,000 won per shares and sold of 10,000 per share recognizing 2.7bn won profit.
The company disclosed profit taking for the reason for disposing the investment. This corresponds with the company“s plan as the IR announced that the company will sell off non-core business or investment during the 3Q04 results conference.
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