Market update - 3. Quarter 2018

News |
  • 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 528 mUSD 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 www.glovis.net

 

For further information please contact: 
Morten Lertrø, CFO Treasure ASA, + 47 90419994 or info@treasureasa.com
Benedicte Teigen Gude, SVP HR and communications, Wilh. Wilhelmsen Holding ASA, +47 95907951

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