SEOUL, May 20 (Korea Bizwire) — South Korean card company Hyundai Card Corp. said Friday that Taiwan’s Fubon Financial Holding Co. emerged as its No. 3 shareholder with a 19.98 percent stake. Fubon Life Insurance Co., the insurance leg of Fubon Financial, bought a 9.99 percent stake this month following Fubon Bank’s purchase of 9.99 [...]
SEOUL, Feb. 10 (Korea Bizwire) — South Korea’s state pension provider owns 5 percent or more of over 300 listed companies amid increased shareholder activism by the service, a financial information provider said Monday. The National Pension Service (NPS) held stakes of 5 percent or greater in 313 companies traded on the country’s major and [...]
UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK In re Altair Nanotechnologies Shareholder Derivative Litigation CASE NO.: 14-CV-09418-TPG-HBP RENO, Nev., Mar. 17 (Korea Bizwire) — PLEASE BE ADVISED that Plaintiffs and the Settling Defendants have reached a settlement (the “Settlement”) to resolve the issues raised in the above-captioned consolidated derivative action (“Action”) (capitalized terms [...]
SEOUL, Oct. 21 (Korea Bizwire) – Saudi Arabian billionaire Khaled bin Al Waleed bin Talal bin Abdul Aziz Al Saud will become the biggest shareholder of a South Korean machinery parts company, company officials said Thursday. The prince is to invest US$10 million into Suncore Inc., the company said, adding that the stocks are slated [...]
SEOUL, Aug. 2 (Korea Bizwire) – Last April, Hong Kong-based China Ocean Resources Co. announced that it was sued by another Hong Kong firm for failing to pay back loans and interest, and that 30 percent of its subsidiary shares were sequestrated. The disclosure has since proven to be inaccurate. Since then, the company has [...]
NEW YORK, Jan. 28 (Korea Bizwire) — The Board of Directors of Nasdaq, Inc (Nasdaq:NDAQ) has declared a regular quarterly dividend of $0.25 per share on the company’s outstanding common stock. The dividend is payable on March 28, 2016, to shareowners of record at the close of business on March 14, 2016. Future declarations of [...]
SEOUL, Jan. 22 (Korea Bizwire) — Hyundai Motor Co., South Korea’s largest automaker, said Thursday it will increase its dividend payouts by more than 50 percent this year as part of efforts to enhance shareholder value, a move that comes despite its lackluster earnings results and cloudy business outlook going forward. Under the plan made [...]