Search results for trust contract
AI & Enterprise
Jiranjiogyo Security and SSR to cancel all treasury shares
Jiranjiogyo Security said on March 24 it will push a stronger shareholder return policy with its subsidiary SSR to raise corporate and shareholder value. A filing showed Jiranjiogyo Security decided to cancel all 400,000 treasury shares it holds and signed a new trust contract to buy back shares to be fully cancelled. SSR will also cancel 382,090 treasury shares and use a trust contract for future cancellations.
Industry
Namyang Dairy returns to operating profit as profitability-driven overhaul pays off
Namyang Dairy Products said on Wednesday it returned to an annual operating profit last year on a consolidated basis, posting 914.1 billion won in revenue and 5.2 billion won in operating profit. Operating profit swung from a 9.8 billion won loss a year earlier. Net profit improved to 7.1 billion won from 250 million won, while revenue grew 4 percent. The company cited a profitability-focused overhaul and announced a 31 billion won shareholder returns plan.
Finance
South Korea FSC files complaint against 11 over alleged 100 billion won stock manipulation
South Korea\'s Financial Services Commission said its Securities and Futures Commission filed a complaint with prosecutors against 11 people and 4 related companies linked to an organised stock manipulation case. The suspects include a wealthy operator of a general hospital and a large private academy, asset management executives, a financial company branch manager and a minority shareholder activist. Authorities said they targeted DI Dongil, deployed more than 100 billion won and later attempted to expand to another stock before the conduct was halted by account payment suspension and searches.