Fitch Ratings to buy 39.33 pct stake in Korea Ratings for 53.57 bln won |
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Published
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Thu, 18 Jan 2007 03:39
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SEOUL (XFN-ASIA) - Hanil Cement Co Ltd and a related party has agreed to sell a combined 39.33 pct stake in Korea Ratings Corporation to Fitch Ratings Ltd for 53.57 bln won.Following the purchase, Fitch will become the largest shareholder of Korea Ratings with a 47.29 pct stake.It currently holds 7.96 pct.At 11.18 am KOSDAQ-listed Korea Ratings was down 100 won at 20,600, after the stock had briefly surged on the news of the purchase to touch a new record high of 23,750 won.( 1 usd = 937.05 won )shinsaeromi@xinhuafinance.com
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Fitch cuts Health Management ratings 