Hyundai Heavy shares drop amid talk of family feud

Newswire

SEOUL, April 28 (Reuters) - Shares in the world's biggest shipbuilder, Hyundai Heavy Industries Co. , slumped more than 7 percent on Friday as investors reckoned it was paying too much for a stake in a local shipping firm. The share purchase, announced on Thursday, prompted market speculation about a feud among family members of Hyundai Group's late founder Chung Ju-yung for control of Hyundai Merchant Marine Co. , the country's biggest shipper. Chung family members are in the spotlight ...

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