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 of the sale and the price have not yet been determined. Seoul-based Asiana has been in crisis mode in recent months as it attempts to improve its financial stability. Auditors flagged ...

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