POSCO Holdings to divest 1.76 bil. worth of shares in 2 affiliates

POSCO Holdings, South Korea's leading steelmaker, plans to sell a combined 2.5 trillion won ($1.76 billion) worth of shares in two of its affiliates. This move is likely a strategic decision to restructure its business and potentially raise capital. The divestment could have implications for the company's financial health and its relationships with its affiliates, which may be affected by the change in ownership.

Read the source report: The Korea Times