< Major Disclosures After Market Close >
◆ Lotte Holdings = Decided to acquire 100% stake in Ministop Korea for 313.4 billion KRW
◆ Yuanta Securities = Due to approval and enforcement of Hong Kong arbitration award related to sale of Dongyang Life Insurance shares, 131.8 billion KRW and delay damages incurred. Appeal trial to proceed
◆ Hyosung TNC = Decided to provide debt guarantee worth 23.8 billion KRW for Chinese affiliate Hyosung Spandex (Ningxia)
◆ Daesang Holdings = Decided to merge subsidiary Hyesung Provision with affiliate Crystal Farms
◆ KC Green Holdings = Decided to provide debt guarantee worth 15.6 billion KRW to affiliate KC Cottrell
◆ Hanchang = Decided to provide debt guarantee worth 4 billion KRW to The East Blue
◆ Sewon ENC = Co-CEO Yoo Seung-joo resigned. Changed to dual CEO system with Jeon Jong-dae and Lee Jong-in
◆ KH Philux = Decided to transfer land and buildings in Samsung-dong, Gangnam-gu, Seoul, worth approximately 58.5 billion KRW, to Taekwang MIC
◆ CJ CGV = Decided to provide debt guarantee worth 22.6 billion KRW to affiliate CJ CGV AMERICA, Inc.
◆ DTR Automotive = Subsidiary GMT Holdings signed a private bond purchase agreement and decided to issue private bonds worth 220 billion KRW
◆ Kiwoom Securities = Decided to invest 30 billion KRW in investment association Kiwoom New Hero 5 New Deal Fund (tentative name)
◆ Dong-A Tire = Decided to purchase 50 billion KRW worth of GMT Holdings’ 1st unnamed subordinated bond with interest
◆ Daewoo E&C = Lost lawsuit related to bid rigging for natural gas main pipeline construction filed by Korea Gas Corporation. Seoul Central District Court ordered payment of approximately 108.6 billion KRW jointly with 13 construction companies. Will respond to lawsuit according to legal procedures
◆ Doosan = Subsidiary Doosan Heavy Industries lost lawsuit related to bid rigging for natural gas main pipeline construction filed by Korea Gas Corporation. Seoul Central District Court ordered payment of approximately 108.6 billion KRW jointly with 15 construction companies. Will respond to lawsuit according to legal procedures
◆ DL E&C = Lost lawsuit related to bid rigging for natural gas main pipeline construction filed by Korea Gas Corporation. Seoul Central District Court ordered payment of approximately 108.6 billion KRW jointly with 13 construction companies. Will pay the company’s share immediately. Will actively respond according to legal procedures if additional litigation proceeds
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◆ Kumho Construction = Lost lawsuit related to bid rigging for natural gas main pipeline construction filed by Korea Gas Corporation. Seoul Central District Court ordered payment of approximately 108.6 billion KRW jointly with 16 construction companies. Will respond to lawsuit according to legal procedures
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