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| 금양 부산 공장 전경. (사진=금양) |
[Alpha Biz=(Chicago) Reporter Paul Lee] "Kum Yang," where a public relations director appeared on a YouTube channel and shared his plan to dispose of his shares with a small number of investors in advance, was finally designated as an unfaithful disclosure corporation.
The Korea Exchange Securities Market Headquarters announced on the 16th that it will designate Kum Yang as an unfaithful disclosure corporation on the 17th.
The contents of the insincere disclosure are the announcement of the disposal plan of equity stocks and the delayed disclosure of the fair disclosure. The penalty is 8.5 points, and the penalty for violating the disclosure is 85 million won.
Earlier on the 24th of last month, the exchange had announced the designation of Geumyang as an unfaithful disclosure corporation, citing its failure to disclose its treasury stock disposal plan.
The exchange appeared on a YouTube channel on the 11th of last month and took issue with director Park's remarks. Director Park said he plans to sell 170 billion won worth of treasury stocks at the time, citing selling in-house, block deals (out-of-hours bulk trading), and issuing exchange bonds (EB) as methods of sale. The problem was that the company's plan to dispose of its shares was made available to only a small number of investors through certain channels in advance.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
