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Securities Analysts Anxious amid Investigation of Controversial Samsung M&A

Securities Analysts Anxious amid Investigation of Controversial Samsung M&A

SEOUL, Nov. 28 (Korea Bizwire) – Last week, prosecutors began probing the $8-billion merger in 2015 between two Samsung affiliates – Samsung C&T and Cheil Industries – over the possibility that Choi Soon-sil, the center figure in Korea’s influence-peddling scandal, may have also been behind Samsung’s controversial deal.  The merger faced strong challenges from individual [...]

Samsung C&T Stocks Plunge as Lower Demand Hits Bottom Line

Samsung C&T Stocks Plunge as Lower Demand Hits Bottom Line

SEOUL, May 17 (Korea Bizwire) – Shares in Samsung C&T Corp. have been on a downward curve since September when a merger of two major Samsung Group affiliates generated the construction-to-fashion holding company for Samsung Group, analysts said Tuesday.  They attributed the fall largely to the company’s drop in overseas orders and sluggish domestic demand for [...]

Samsung C&T Starts to Dispense Fashion Advice

Samsung C&T Starts to Dispense Fashion Advice

SEOUL, Sept. 23 (Korea Bizwire) — The apparel industry is channeling clothing into ‘strategy’ and is starting to offer image consulting services to businesses. Samsung C&T announced that it will launch a professional fashion coaching service called ‘Gentleman Company Project’. Gentleman Company Project is a business-to-business (B2B) project in which Samsung C&T, owner of various [...]

Elliott Returns Stockholder Certificate, All Eyes on the Possibility of Disposal

Elliott Returns Stockholder Certificate, All Eyes on the Possibility of Disposal

Seoul, July 28 (Korea Bizwire) - It has been reported that Elliott Management, an American hedge fund that filed lawsuits opposing the merger of Samsung C&T Corporation and Cheil Industries Inc., has returned its stockholder certificates for Samsung C&T Corporation, Samsung SDI and Samsung Fire Insurance to the Korea Securities Depository (KSD). Since the proposal to merge Samsung C&T [...]

More Defenses Urged to Fend off Hostile Takeovers

More Defenses Urged to Fend off Hostile Takeovers

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 [...]