BK Tops Denies Involvement with Lime Asset Management... "CB Transaction Terminated"
[Asia Economy Reporter Yoo Hyun-seok] BK Tops (formerly Dongyang Networks) clarified on the 8th that the convertible bond (CB) transaction with Lime Asset Management reported by a broadcasting media outlet the previous day is already a closed matter.
The company stated, "The former management conducted the CB investment transaction with Lime Asset Management, and the early repayment and stock conversion were completed in May of last year," adding, "All transactions related to Lime Asset Management have been concluded."
The company is currently pursuing damages lawsuits against both the asset management company and the sales company for the investment funds placed in Lime Asset Management funds. They explained that they will focus on proving the responsibility of the management and sales companies during the litigation process.
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A BK Tops official said, "The current management prioritizes shareholders and customers as a listed company and strives to fulfill the company's social responsibilities," adding, "We will work hard to improve the company's soundness and discover promising new businesses to achieve a turnaround from accumulated deficits to profitability this year." He emphasized, "We will continue to realize shareholder primacy in the future."
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