Korea’s Hyundai Heavy Industries has put its stake in car maker Hyundai Motor up for sale as it restructures.

The shipbuilder, together with sister operation Hyundai Samho, is selling 1.65m shares worth KRW 230bn ($195m).

The stock is being offered at between KRW 136,600 and KRW 139,000, a discount of up to 1.73% on its Wednesday price of KRW 139,000.

The move is part of its KRW 3.5