Husentech CEO Accused of Embezzlement and Breach of Trust... Amounting to 44.5% of Equity Capital
[Asia Economy Reporter Minji Lee] Husentec announced on the 18th that specific economic crime aggravation punishment violations (breach of duty) occurred involving the current CEO Mr. Kang and Mr. Lee. The amount involved is 25.91 billion KRW, which corresponds to 44.5% of the company's equity capital.
The company stated, "We will take all necessary measures according to legal procedures regarding the ongoing matters," and added, "We will actively cooperate with investigations by relevant authorities."
Hot Picks Today
"Could I Also Receive 370 Billion Won?"... No Limit on 'Stock Manipulation Whistleblower Rewards' Starting the 26th
- Samsung Electronics Labor-Management Reach Agreement, General Strike Postponed... "Deficit-Business Unit Allocation Deferred for One Year"
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
In response, the Korea Exchange explained, "Regarding the occurrence of embezzlement and breach of duty charges, pursuant to Article 56, Paragraph 1, Subparagraph 3(a) of the Market Listing Regulations, a reason for a substantial review of listing eligibility has arisen," and "the trading suspension period will be adjusted until the decision on whether the substantial review of listing eligibility will proceed." Husentec has been under trading suspension since the 9th.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
