Business and Financial Review • Oct 30, 2018
Business and Financial Review
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Market update - third quarter 2018
• The share price of Hyundai Glovis moved from 115.500 KRW to 130.000 KRW and the USDKRW from 1115 to 1110 during the quarter.
• Treasure ASA’s number of shares in Hyundai Glovis remained unchanged in the quarter and the shares’ market value was USD 528 million at the end of September.
• As previously communicated the original proposed restructuring of the Hyundai group was abandoned before the summer. Treasure ASA has no information on the timing and structure of a revised restructuring at the time of writing, but remain positive with respect to any restructuring which will improve governance structure.
• Treasure ASA continues to closely monitor relevant newsflow and will inform the market accordingly on material consequences for the company.
• Hyundai Glovis released the Earnings Report for the third quarter yesterday, which can be found on https://www.glovis.net/Eng/ir/communityid/12/list.do
For further information please contact:
Morten Lertrø, CFO Treasure ASA, + 47 90419994 or [email protected]
Benedicte Teigen Gude, SVP HR and communication Wilh Wilhelmsen Holding ASA, +47 95907951
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