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A pair of South Korean high net worth investors have bagged a combined W252bn ($221.2m) after offloading a block of shares in local firm BGF Retail.
Hong Seok-hyun and Hong Ra-young, BGF's second and third largest shareholders respectively, ventured out after Korean markets closed on Thursday with a view to sell 2.28m shares in the company.
After wall-crossing foreign and domestic investors earlier in the day, sole lead Goldman Sachs launched bookbuilding at 4.50pm Korean time, according to a source close to the deal.
It offered the stock at W100,000-W102,000 apiece, which was a 7.3%-9.1% discount...