KCC Corp.'s 10% stake in Samsung C&T, acquired as a white knight in 2015, now exceeds its own market cap, sparking calls from shareholders to monetize the holding and address undervaluation concerns.
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[From the Field]Can KCC Sell Its Stake in Samsung C&T?
KCC Corp.'s 10% stake in Samsung C&T, acquired as a white knight in 2015, now exceeds its own market cap, sparking calls from shareholders to monetize the holding and address undervaluation concerns.
NCSOFT Denies Reports of 200 Billion Won EB Issuance
NCSOFT Corp. denied reports of a 200 billion won ($150 million) exchangeable bond issuance, stating it is not pursuing such plans, as shares rose 5.85% in Seoul trading.
Taekwang Industrial Co. has fully withdrawn its planned exchangeable bond issuance backed by treasury shares, citing market volatility and policy considerations, but will proceed with its 1.5 trillion won investment plan.
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Taekwang Industrial Fully Withdraws Controversial Exchangeable Bond Issuance Plan
Taekwang Industrial Co. has fully withdrawn its planned exchangeable bond issuance backed by treasury shares, citing market volatility and policy considerations, but will proceed with its 1.5 trillion won investment plan.
SK hynix’s Legendary Exchangeable Bond Soars Fivefold in Two Years
SK hynix’s 2023 exchangeable bond has soared fivefold in value as the company’s share price surged on AI-driven demand, with most investors still holding out for further gains.
Taekwang Industrial to Decide on Exchangeable Bond Issuance in October
Taekwang Industrial will decide in October whether to resume its 318.6 billion won ($235 million) exchangeable bond issuance after a court dismissed an injunction, amid policy concerns and a 22% share price drop.
Must Asset Management has called on Refin Co.'s majority shareholder RealtyFine to clarify its voting stance ahead of a key EGM, as the outcome hinges on its 48% stake, while also launching legal action over a controversial bond issuance.
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Must Asset Management Says Refin's Shareholder Meeting Hinges on 48% Stakeholder—Calls for Clarity on Voting Intent
Must Asset Management has called on Refin Co.'s majority shareholder RealtyFine to clarify its voting stance ahead of a key EGM, as the outcome hinges on its 48% stake, while also launching legal action over a controversial bond issuance.
Truston Asset Management has appealed a Seoul court's dismissal of its injunction to block Taekwang Industrial's 318.6 billion won ($230 million) exchangeable bond issuance, arguing the move could harm shareholder value despite the company's strong liquidity.
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Truston Appeals Court Decision on Taekwang Industrial Exchangeable Bond Injunction
Truston Asset Management has appealed a Seoul court's dismissal of its injunction to block Taekwang Industrial's 318.6 billion won ($230 million) exchangeable bond issuance, arguing the move could harm shareholder value despite the company's strong liquidity.
A Seoul court dismissed Truston Asset Management’s injunctions to block Taekwang Industrial’s 318.6 billion won ($230 million) exchangeable bond issuance, ruling the board’s decision lawful and finding no breach of directors’ duty of loyalty to shareholders.
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Court Dismisses Truston’s Injunction to Block Taekwang Industrial’s EB Issuance (Comprehensive 2nd Report)
A Seoul court dismissed Truston Asset Management’s injunctions to block Taekwang Industrial’s 318.6 billion won ($230 million) exchangeable bond issuance, ruling the board’s decision lawful and finding no breach of directors’ duty of loyalty to shareholders.
Taekwang Industrial has suspended its planned 318.6 billion won ($230 million) exchangeable bond issuance after Truston Asset Management filed for a court injunction, citing shareholder value concerns and prompting regulatory scrutiny.
#YonhapInfomax #TaekwangIndustrial #ExchangeableBond #TrustonAssetManagement #ShareholderValue #FinancialSupervisoryService #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=70440Taekwang Industrial Temporarily Halts EB Issuance Amid Truston Asset Management Injunction Request
Taekwang Industrial has suspended its planned 318.6 billion won ($230 million) exchangeable bond issuance after Truston Asset Management filed for a court injunction, citing shareholder value concerns and prompting regulatory scrutiny.
Taekwang Industrial EB—Why Did the Outside Director Who Supported the Deal Change His Mind?
Taekwang Industrial’s 3.2 trillion won EB issuance faces new scrutiny after outside director An Hyo-seong reversed his support, citing tax risks from a shift to private placement.
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