SoluM Co., a KOSPI-listed firm, faces a lawsuit seeking to nullify its 120 billion won ($91 million) RCPS issuance, with minority shareholders alleging the move was aimed at management control rather than operational funding.
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SoluM Faces Lawsuit Seeking to Nullify 120 Billion Won New Share Issuance
SoluM Co., a KOSPI-listed firm, faces a lawsuit seeking to nullify its 120 billion won ($91 million) RCPS issuance, with minority shareholders alleging the move was aimed at management control rather than operational funding.
Homeplus Co. denied allegations of financial statement manipulation, asserting that its RCPS capital conversion and land asset revaluation were conducted in line with proper accounting standards and external reviews.
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Homeplus Says Preferred Share Capital Conversion and Asset Revaluation Are Proper Accounting Practices
Homeplus Co. denied allegations of financial statement manipulation, asserting that its RCPS capital conversion and land asset revaluation were conducted in line with proper accounting standards and external reviews.
Daishin Securities Bolsters IB Business with 335 Billion Won Capital Raise, Surpassing 4 Trillion Won in Equity
Daishin Securities will raise 335 billion won via RCPS, pushing its equity above 4 trillion won and positioning itself for mega-IB status and note issuance business under tighter FSC rules.
Minority shareholders of Solum Co. have petitioned South Korean authorities to investigate allegations of unfair practices by the largest shareholder, including RCPS issuance and related-party transactions, as activist fund Align Partners signals possible shareholder engagement.
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Solum Minority Shareholders Petition Democratic Party, Financial Supervisory Service to Investigate Largest Shareholder Allegations
Minority shareholders of Solum Co. have petitioned South Korean authorities to investigate allegations of unfair practices by the largest shareholder, including RCPS issuance and related-party transactions, as activist fund Align Partners signals possible shareholder engagement.
SK Airplus, a subsidiary of SK ecoplant, has secured 1.3 trillion won ($950 million) from Brookfield Asset Management to fund domestic plant investment and repay debt, with the entire RCPS issuance to be acquired by Brookfield’s infrastructure fund.
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SK Airplus Secures 1.3 Trillion Won from Brookfield for Domestic Investment and Debt Repayment
SK Airplus, a subsidiary of SK ecoplant, has secured 1.3 trillion won ($950 million) from Brookfield Asset Management to fund domestic plant investment and repay debt, with the entire RCPS issuance to be acquired by Brookfield’s infrastructure fund.
SoluM minority shareholders demand CEO cancel or adjust price of large treasury stock disposal, oppose 140 billion won RCPS issuance, citing concerns over shareholder value dilution and corporate governance.
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SoluM Minority Shareholders Demand CEO Cancel Treasury Stock Disposal or Adjust Price
SoluM minority shareholders demand CEO cancel or adjust price of large treasury stock disposal, oppose 140 billion won RCPS issuance, citing concerns over shareholder value dilution and corporate governance.
Soluem minority shareholders demand cancellation or price adjustment of treasury stock disposal to CEO, criticizing the move as contradictory to shareholder interests and company statements.
#YonhapInfomax #Soluem #TreasuryStock #MinorityShareholders #RCPS #ShareholderValue #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=60432Soluem Minority Shareholders Demand - 'Cancel Treasury Stock Disposal to CEO or Adjust Price'
Soluem minority shareholders demand cancellation or price adjustment of treasury stock disposal to CEO, criticizing the move as contradictory to shareholder interests and company statements.
Solum Faces Controversy Over Shareholder Value Erosion After Selling Treasury Shares to Largest Shareholder for 21.1 Billion Won
Solum faces backlash for selling treasury shares to CEO, raising concerns about shareholder value erosion and management's conflict of interest in corporate governance.
Soluem 'Considering 140 Billion Won Investment from Domestic Financial Firms'
Soluem considers 140 billion won investment from domestic financial firms, plans RCPS issuance and treasury share sale to CEO for expansion and growth
National Pension Fund Excluded from Homeplus RCPS Capital Change... PE Industry Calls It 'Beyond Common Sense'
National Pension Service's exclusion from Homeplus RCPS capital change sparks controversy in private equity industry, raising questions about investor rights and financial implications.
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