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Hanjin Shipping considering Long Beach Terminal sell-off

Oct. 21, 2016 - 14:09 By 황유미

[DISCLOSURE] Hanjin Shipping (117930) acknowledged that it is seeking to sell its Long Beach Terminal in the US but nothing has been specified, in a statement released on Oct. 21 in response to Korea Exchange’s inquiry regarding media reports. 

“To secure funds for turnaround, we are seeking to sell the stake in our subsidiary Total Terminals International,” said the company. 

(theinvestor@heraldcorp.com)