[Asia Economy Reporter Lee Seon-ae]



▲Shinpoong Pharmaceutical=Applied to the Ministry of Food and Drug Safety for approval of the Phase 3 clinical trial plan for the osteoarthritis injection therapy drug 'SP5M002 Injection.' This trial is a Phase 3 clinical study to compare and evaluate the efficacy and safety of SP5M002 Injection and Synovian Injection in patients with mild to moderate knee osteoarthritis. The indication is knee osteoarthritis, and the clinical trial institution is Gangdong Kyung Hee University Hospital. The clinical trial plans to recruit 206 participants.


▲AJ Networks=Loaned 30 billion KRW to AJ Autoparking Systems for operating funds including repayment of electronic short-term bonds; total outstanding loan balance is 40 billion KRW.


▲Shinsegae=Invested 30 billion KRW in Incheon Shinsegae to secure operating funds and investment resources. The number of shares invested is 600,000, and after the capital increase, Shinsegae's stake in Incheon Shinsegae will increase from the existing 90% to 92.5%.


▲HDC Hyundai Development Company=Signed a preliminary contract worth 417.4 billion KRW for the reconstruction maintenance project of the Hyundai Apartment District in Gwanyang-dong.


▲Ascendio=Signed a contract with Korean Broadcasting System (KBS) for terrestrial drama and film production services worth 2.967 billion KRW.


▲Ildong Holdings=Decided to issue convertible bonds worth 30 billion KRW to raise 10.5 billion KRW for operating funds and 19.5 billion KRW for acquiring securities of other corporations. The bonds will be issued to KB No.4 Bio Private Equity Fund.


▲Samsung Securities=Plans to invest 20 billion KRW in Samsung FN Trust Management Real Estate Investment Company to underwrite the remaining shares of a rights offering.


▲Deokyang Industry=Decided to guarantee debt of 5.3 billion KRW for its subsidiary Deokyang America Corporation.


▲Daedong=Incurred losses of 38.5 billion KRW from derivative liabilities and forward exchange transactions.


▲DL=Excluded an affiliate due to changes in shareholding ratio and control of Samho Citron City (number of affiliates changed from 42 to 41).


▲HSD Engine=Acquired 35.5 billion KRW worth of shares in the (tentative name) Socious Zeroho Corporate Financial Stability Private Equity Partnership.





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