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SoluM Co. faces mounting legal pressure as activist fund Align Partners joins minority shareholders in challenging the validity of its 120 billion won ($91 million) RCPS issuance, intensifying the battle over management control.
#YonhapInfomax
#SoluM #AlignPartners #RCPSIssuance #ShareholderLawsuit #ManagementControl
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=99573

SoluM Faces Legal Challenge Over 120 Billion Won New Share Issuance as Align Partners Joins Lawsuit (Comprehensive)

SoluM Co. faces mounting legal pressure as activist fund Align Partners joins minority shareholders in challenging the validity of its 120 billion won ($91 million) RCPS issuance, intensifying the battle over management control.

Yonhap Infomax

Yonhap Infomax News Jan 12

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.
#YonhapInfomax
#SoluM #RCPS #ShareIssuance #MinorityShareholders #120BillionWon
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=99417

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.

Yonhap Infomax

Yonhap Infomax News Sep 18

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.
#YonhapInfomax #Solum #MinorityShareholders #RCPS #ShareholderActivism #AlignPartners #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=82402

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.

Yonhap Infomax

Yonhap Infomax News Aug 22

SoluM Co. formally apologized to shareholders over related-party transaction controversies, pledging to strengthen compliance and prevent future incidents.
#YonhapInfomax #SoluM #RelatedPartyTransactions #Compliance #Shareholders #RealEstateDeal #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=78270

SoluM Issues Formal Apology Over Related-Party Transactions, Vows to Strengthen Compliance Regardless of Circumstances

SoluM Co. formally apologized to shareholders over related-party transaction controversies, pledging to strengthen compliance and prevent future incidents.

Yonhap Infomax

Yonhap Infomax News Aug 7

SoluM Co., Ltd. faces scrutiny after acquiring real estate from CEO Jeon Seong-ho’s family firm for 5.2 billion won ($3.9 million), with the CEO defending the deal as necessary and fairly priced following external appraisals.
#YonhapInfomax #SoluM #RealEstateTransaction #JeonSeongHo #EmployeeDormitory #ShareholderConcerns #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=75951

Yonhap Infomax News Apr 25, 2025

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.
#YonhapInfomax #SoluM #TreasuryStockDisposal #MinorityShareholders #RCPS #ShareholderValue #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=60456

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.

Yonhap Infomax

Yonhap Infomax News Apr 22, 2025

Solum faces backlash for selling treasury shares to CEO, raising concerns about shareholder value erosion and management's conflict of interest in corporate governance.
#YonhapInfomax #Solum #TreasuryShares #ShareholderValue #CorporateGovernance #RCPS #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=59652

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.

Yonhap Infomax