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Industry
Kim Dong-seon to launch tender offer for 16.06 million Hanwha M&S shares using 128.5 billion won of personal funds
Kim Dong-seon will buy Hanwha M&S common shares through a tender offer for 16.06 million shares, the company said on Sunday. The offer runs for 22 days through Nov. 2 and targets existing shareholders. The purchase price is 8,000 won per share, a premium to the previous close and the recent one-month average price. About 128.5 billion won of Kim\'s personal funds will be used.
Telecommunications & Media
LG Uplus boosts \'Uplus Two Plus\' Chuseok benefits, invites long-term customers to Hwadam Forest
LG Uplus is expanding shopping, outings and dining benefits under its \'Uplus Two Plus\' membership programme for Chuseok, it said on Sept. 7. The September package includes 53 partner offers and adds three new partners. Discounts and coupons will be available for grocery shopping and family leisure during the holiday period. The company will also invite 5,000 long-term customers to Hwadam Forest in Gwangju, Gyeonggi province, on Oct. 19.
Industry
Hanwha launches Hanwha M&S intermediate holding company for tech and life businesses
Hanwha has launched an intermediate holding company grouping its tech and life affiliates, as the group moves to a more independent management system by business area. Hanwha Machinery & Service Holdings, or Hanwha M&S, held a launch ceremony in central Seoul on Sunday and declared its official establishment. The company spans two divisions and includes 57 affiliates worldwide. It plans to list on the Korea Exchange’s main board on Aug. 25.
