[Asia Economy Reporter Hwang Yoon-joo] Jinheung Enterprise announced on the 30th that it has won the contract for the construction of a multi-family housing complex in Hagwi-ri, Aewol-eup, Jeju City, worth 153 billion KRW, together with Namu Industry Development. This accounts for 34.44% of recent sales revenue.
▲ Prestige BioPharma = Appointed external auditor Samduck Accounting Corporation
▲ Wonik P&E = Signed a contract to supply secondary battery manufacturing equipment worth 47.7 billion KRW. Contract period is from September 30, 2022, to August 9, 2024.
▲ DIC = Decided to increase short-term borrowings by 15 billion KRW, which is 11.32% of equity capital.
▲ SKC = Participated in a paid-in capital increase to raise investment funds for the expansion of the copper foil factory of its affiliate SKC FT Holdings. Decided to invest 95 billion KRW.
▲ Kyochon F&B = Decided to increase short-term borrowings by 54.5 billion KRW to secure funds for new business and operations.
▲ LIS = Decided to withdraw the paid-in capital increase with Yawei Precision Laser Korea, which was decided in March.
▲ AP Satellite = Signed a contract to supply satellite phones worth 8.1 billion KRW with the United Arab Emirates. Contract period is from September 19, 2022, to August 1, 2023. Signed another contract worth 4 billion KRW with the UAE for satellite phone supply. Contract period is from September 19, 2022, to January 15, 2024. Also signed a contract worth 5.8 billion KRW with the UAE for satellite phone supply. Contract period is from September 26, 2022, to January 15, 2024.
▲ Plater = Signed a contract worth 11.3 billion KRW with Hyundai AutoEver to build an online platform. This accounts for 27.01% of recent sales revenue. Contract period is from September 7, 2022, to June 30, 2023.
▲ Namkwang Construction = Signed a contract worth 61.2 billion KRW for the small-scale reconstruction project of Jungbu Market Apartments. This accounts for 17.16% of recent sales revenue.
▲ Dimoa = To strengthen management transparency, amended Article 7, Paragraph 2 and newly established Article 5 of the Internal Control Committee operation regulations. Until one additional outside director is appointed at the next regular shareholders' meeting, the quorum for the committee is amended to require at least two-thirds of all members and a minimum of three members to submit agenda items. A clause was added stating that the Internal Control Committee operation regulations can be re-amended by the committee members.
▲ SBI Fintech Solutions = Decided to lend 3.9 billion KRW to affiliate SBI Remit. This decision was made to secure surplus funds in the remittance processing account used for international remittance services provided by SBI Remit.
▲ Kumho Tire = Decided to guarantee debt of subsidiary Kumho Tire Georgia worth 322.6 billion KRW. The debt guarantee period is from November 9, 2022, to November 9, 2025.
▲ Farmsco = Decided to guarantee debt worth 71.7 billion KRW for an affiliate.
▲ EID = Adjusted the conversion price of the 14th series of bearer, interest-bearing, non-guaranteed, non-separable privately placed convertible bonds from 1,386 KRW to 1,200 KRW due to market price decline.
▲ Optrontec = Participated in a third-party allotment paid-in capital increase of City Labs to expand business areas and participate in management. Decided to invest 99.9 billion KRW. Shareholding ratio is 14.43%.
▲ Codes Combine = Changed to CEO Kim Ho-duk following the resignation of CEO Park Young-hwan. However, Park will retain his position as an inside director.
▲ Eugene Securities = Decided to acquire treasury stocks worth 4.4 billion KRW (2 million shares) to enhance shareholder value and stabilize stock price.
▲ Uneco = Filed a provisional injunction with the Seoul Southern District Court against the Korea Exchange to suspend the effectiveness of the delisting decision.
▲ Xenoray = Withdrawn the acquisition decision of Morandream City announced on September 23 due to the seller's fault. The deposit of 870 million KRW has already been paid, but the remaining balance of 7.8 billion KRW has not been paid.
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