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Celltrion CEO to sell entire stake to multinational firm

Published: 2013-04-18 06:59:00
Updated: 2013-04-18 06:59:00
Celltrion chairman Seo Jung-jin said Tuesday he will sell his entire controlling stake in the firm to a multinational pharmaceutical company to protect the firm from short-selling by speculative investors.

“Company funds are being used to buy company shares due to short-selling by unknown groups. I can’t see the firm and minority shareholders suffering from the attack by abusive short-sellin...

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