(123rf)The state-run Korea Development Bank and Korea Ocean Business Corp., the two largest shareholders of debt-ridden shipping company HMM, are seeking to sell their shares for at least 5 trillion won ($3.9 billion), according to industry sources Friday.The two organizations said they are selling a combined 40.65 percent controlling stake in HMM, together with perpetual convertible bonds worth 2.68 trillion won.A perpetual bond has no maturity date and can be converted into equity. From 2018 to 2020, the two organizations bought convertible bonds from HMM to lower its debt ratio.

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