Myeongseong TNS "Final Stage of Capital Inflow to Resume Trading"

[Asia Economy Reporter Yoo Hyun-seok] Myungseong TNS announced on the 24th that capital inflow is imminent as it is in the final stages of negotiations to attract a new major shareholder, including a paid-in capital increase, to resume trading.

A company official stated, "To promptly resume securities trading, we cannot avoid accepting the requirements set by the exchange, and we are in the final negotiations with investors who wish to invest based on the company's future value. The new major shareholder is a sound corporation with quality capital and technology, and we expect to share good news soon."

The current management of Myungseong TNS emphasized that they will do their best to attract a major shareholder, including a paid-in capital increase, and recruit new management. They also stressed that after early implementation of the exchange's required action plan and laying the foundation for the resumption of securities trading, they will step down when the time comes.

A company official added, "We fully understand the sentiments behind the small shareholders' coalition's declaration of a voting battle, but such actions do not help negotiations related to attracting a new major shareholder or the prompt resumption of securities trading. We appreciate the interest and criticism from all shareholders, including the small shareholders' coalition, and will accept what is necessary if it is for the benefit of the company."

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