Block Deal Sale of 1.9% of Shinhan Financial by Affinity Equity Partners (BLSH: Buy Low Sell High)
After the market close on 25 June, Affinity Equity Partners sold all of its 1.94% stake (9.742 million shares) in Shinhan Financial (055550 KS) in a block deal sale.
It was reported that the sale was made at around 59,475 won to 59,780 won, a 2.0-2.5% discount from the previous day's closing price of 61,000 won.
This block deal sale of 1.9% stake in Shinhan could be viewed negatively as Affinity has decided to sell the shares at current levels rather than waiting for further upside.
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