UPDATE 1-Ssangyong Mtr hit after China's Blue Star drops bid

Newswire

(Adds analyst, Chohung Bank, updates shares, details) SEOUL, March 25 (Reuters) - Shares in Ssangyong Motor Co tumbled early on Thursday after Chinese chemical company, Blue Star, ditched a plan to buy the South Korean car maker after failing to agree on a price. "Investors are disappointed the potential sale has not gone smoothly," said Sohn Jung-won, analyst at Goodmorning Shinhan Securities. "But we expect Ssangyong shares to recover soon as the sale will proceed with another buyer." ...

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