Melani Warod

Change the bank to represent on Tuesday outside main creditor's South Korea of wrestler's semiconductor of sea of South Korea, the creditor of the sea wrestler's semiconductor has been already with 923,200 million won (nearly equal to 814 million dollars) Price sell company 6.7% share. The sea wrestler's semiconductor is the second major memory chip manufacturer in the world.

Change the bank to issue a statement and claim on Tuesday, the sea wrestler's creditor sold 39,280,000 shares at 23,500 won for every strand on average outside South Korea, the selling price is between 23,500 won and every strand of 22,800 won.

Securities analyst Suh Do Won Hua of Korea S. delivers the research report and claims: "Estimate value, wrestler of sea, pass high state, seem, relieve to some extent, stock price should reflect company basic side powerful to take a favorable turn at present. " He offers to the sea wrestler " Buy " (buy) Grading.

The sea wrestler creditor holds 28% of the shares of company. Group of this creditor composed of 9 financial institutions showed last month, because fail to find buyers for the third time, they plan to sell 8% of the shares of sea wrestler in the first half of the year, sell 5% of the shares more in the second half year. The creditor hopes to retract and succour fund of 4,600 million dollars which a wrestler invested of sea.

The creditor chose Swiss credit last week, Nomura Securities, the intersection of friend and favourable investment security, the intersection of NH and investment security, new many of securities trader, investment of Korea S. and securities,etc. of Daewoo arrange for to sell the matters while being global share.