Hyundai Heavy places small stake in Hyundai Motor-sources

Newswire

HONG KONG, June 25 (Reuters) - Hyundai Heavy Industries Co has sold a 1.5 percent stake in South Korea's top auto maker Hyundai Motor Co for US$112.84 million, market sources said on Friday. Hyundai Heavy Industries, the world's largest shipbuilder, placed 3.2 million existing shares in the car maker with investors for 40,750 won (US$35.40) apiece, the sources said. The placing price is a 1.8 percent discount to Hyundai Motor's closing price of 41,500 won on Thursday. Credit Suisse First ...

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