Pusan company says PSA stake purchase not a done deal
Pusan Newport Co., Ltd., the company that is developing a large container complex in the port of Pusan, said Monday that the reported purchase by Singapore-based PSA of shares in the company is not final.
“Pusan Newport Company would like to clarify the position in reference to recent articles that have been published in regard to a share transaction in the company,” it said. “Any share transaction requires super majority decision by the Pusan Newport Co. board of directors. No such discussions have taken place, nor board approval granted for the sale of any shares in Pusan Newport Co.”