[DISCLOSURE] Sigong Tech (020710) has received a US$6.41 million order from POSCO Engineering & Construction (A025100) to supply interior fit-outs for its hotel in Yangon, Myanmar, it announced on July 18. This amounts to 10.1 percent of its recent revenue.

July 18, 2016

[DISCLOSURE] Samsung SDS (018260) denied media reports saying it will sell logistics division or split off the division and merge with Samsung C&T (028260), in a statement on July 18 in response to Korea Exchange’s inquiry. The IT service affiliate of Samsung is considering splitting off its logistics arm but nothing has been confirmed, it added.

July 18, 2016

[DISCLOSURE] New Pride (900100) announced on July 18 that its 14.5 billion won (US$12.74 million) capital increase with third party allotment has been paid in full. 　Reduced in size from 18 billion won, the newly issued 3,560,903 shares were offered to SRV Enterprises (Cyprus), and the subscription has been fully paid. The listing date is Aug.1.　SRV, a British merger and management consulting firm, now is the largest shareholder with 8.06 percent stake.

July 18, 2016

[DISCLOSURE] Dongbu Hitek (000990) announced on July 15 that Dongbu Group (012030) chairman Kim Jun-ki has put up 16 million shares, worth 13 billion won (US$11.42 million), as collateral until June 10, 2019. Creditors are 10 financial institutions including Korea Development Bank. 　Kim had financed 300 billion won to improve the subsidiary’s financial stability in 2009.

July 18, 2016

[DISCLOSURE] Shinsegae I&C (004170) reported that its operating profit in the second quarter dropped 50.18 percent to 4.2 billion won (US$3.69 million) from the same period last year in a statement released on July 15. Its sales increased 26.7 percent to 79.54 billion won.

July 18, 2016

[DISCLOSURE] Taeyoung Engineering & Construction (009410) has received a 77.79 billion won (US$68.66 million) order from Public Procurement Service to establish an industrial cluster in Daegu, it announced on July 15. This amounts to 4.1 percent of its recent revenue.

July 15, 2016

[DISCLOSURE] Hanssem (009240) announced on July 15 that its first-half operating profit decreased 10.2 percent to 59.6 billion won (US$52.6 million) from the same period last year. The turnover increased 10.6 percent to 85.21 billion won. 

July 15, 2016

[DISCLOSURE] Korea Asset In Trust (123890) announced on July 15 that its subsidiary KAIC Capital has decided on a 20 billion won (US$17.65 million) capital increase and will offer stocks to shareholders to finance operations.

July 15, 2016

[DISCLOSURE] Miwon Chemicals (134380) announced on July 15 that it will repurchase 35,000 of its own stocks at 2.59 billion won (US$2.29 million) to stabilize the stock price, the company announced on July 15.

July 15, 2016

[DISCLOSURE] Hansol Chemical (014680) announced on July 15 that its subsidiary Tapex will merge with HT SPC, a special purpose company established to take over Tapex, at 1:6.0197014 ratio. The due date for the merger is Aug. 31.

July 15, 2016

[DISCLOSURE] KEPCO (015760) announced on July 15 that it has donated 100 billion won (US$8.83 million) to its nonprofit employee welfare fund.

July 15, 2016

[DISCLOSURE] Hanyang Hitao (064090) will issue stocks worth 1 billion won (US$882,613) for capital increase to finance operations, it announced on July 15. The stocks will be offered to public and the issue price is 2,525 won. 

July 15, 2016

[DISCLOSURE] Imagine Asia (036260) announced on July 15 that its co-CEO Park Hyeong-seo has resigned from the post for personal reasons and Shim Jae-hyeon will remain as the sole CEO.

July 15, 2016

[DISCLOSURE] Namuga (190510) announced on July 15 that it will acquire the entire stocks worth 11.4 billion won (US$10.06 million) issued by its Suzhou affiliate for capital increase, and will own 100 percent stake of the camera module manufacturing subsidiary.

July 15, 2016