U.S. asset managers are rapidly increasing their stakes in KTG, a move that is drawing fresh attention to the South Korean consumer goods group’s improving earnings trajectory and perceived mid-to-long-term growth potential.
KTG said Friday ET that Capital Group disclosed an 8.22% stake in the company for ‘pure investment’ purposes. According to Korea’s electronic disclosure system, Capital Group holds about 8.53 million shares. While a ‘pure investment’ filing indicates the investor does not intend to participate in management, accumulating a sizable holding is often read by markets as a… Read more
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