The Seoul-listed owner will sell its entire holding in Shinhan Financial within the next six months, it said in a stock exchange filing.
It has also granted requests for voluntary redundancy from 26 employees, it added.
HMM’s 2.1 million shares in Shinhan are worth KRW 93bn ($86.7m) at the current price of KRW 43,850 each.
The company is looking to raise around KRW 3.3
