Kumho Aims To Sell Majority Share In Asiana

Credit: Rob Finlayson
AUCKLAND—The largest shareholder of Asiana Airlines, Kumho Industrial, has decided to sell its entire stake in the airline as it seeks to improve its liquidity and appease creditors. Kumho, which owns about 33% of Asiana, announced its intention in a stock exchange filing Apr. 15. However, the date...

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