[Asia Economy Reporter Lee Seon-ae]



◆Daewoo Shipbuilding & Marine Engineering=Cancellation of 6,334,112 common shares of the company to be converted into equity, based on the approval of the rehabilitation plan for affiliate Shinhan Heavy Industries


◆Solus Advanced Materials=Decision to spin off the bio business division


◆NAVER=Decision to absorb and merge Search Solution


◆Namseong=Decision to issue 10 billion KRW of the 29th series anonymous, interest-bearing, unsecured private exchangeable bonds with 2,438,429 treasury shares as the exchange target


◆Hanwha Systems=Purchase of 50 billion KRW MMT from related party Hanwha Investment & Securities


◆Hwasung Corporation=Decision to guarantee 12 billion KRW debt for affiliate Hwasung R&A


◆KB Financial=Decision of interim dividend of 234 KRW per share by subsidiary KB Securities


◆Korea Electric Power Corporation=Decision to convene an extraordinary general meeting of shareholders on August 10 regarding the appointment of one non-standing auditor


◆Converge=Decision to increase capital through paid-in capital increase of 1,576,900 common shares to Converge Employee Stock Ownership Association



◆Hyundai Motor Company=Purchase of 50 billion KRW MMT from Hyundai Motor Securities


This content was produced with the assistance of AI translation services.

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing