SEOUL, May 31 (Korea Bizwire) – An appeals court ordered Samsung C&T Corp., the fashion and trading arm of South Korea’s top conglomerate, to increase the stock purchase price proposed to shareholders who were opposed to the company’s merger last year, court records showed Tuesday. Last year, Samsung C&T was formed out of a merger [...]
SEOUL, Jul. 15 (Korea Bizwire) — South Korea’s listed firms called Wednesday for more defense mechanisms against hostile takeovers as the ongoing battle between Samsung Group and a U.S. hedge fund sheds fresh light on the country’s weak corporate governance structure and foreign investors’ sway over the local stock market. The Korea Listed Companies Association [...]
SEOUL, Jun. 11 (Korea Bizwire) — Minor shareholders of Samsung C&T are siding with Elliott Associates as they agree with the hedge fund’s opposition to a merger proposal between Samsung C&T and Cheil Industries. Over the past two days, minor shareholders have gathered individual consent to give up their voting rights to 670,000 shares so [...]