[DISCLOSURE] Pumyang Construction (002410) has decided to purchase 10 billion shares issued by Keystone Ecoprime PEF for 10 billion won (US$8.4 million), it announced on June 27. This amounts to 23 percent of its equity capital. The PEF has been created to take over Dongbu Corporation.

June 28, 2016

[DISCLOSURE] Hanmi Semiconductor (042700) has signed a US$1.7 million contract with Taiwan’s Powertech Technology to supply semiconductor manufacturing equipment, it announced on June 27. This amounts to 1.68 percent of its recent revenue.

June 28, 2016

[DISCLOSURE] Dongbu Corporation (005960) has signed an M&A agreement with Keystone Ecoprime with Seoul Central District Court’s permission, the construction company announced on June 27. The price for sale is 206 billion won (US$174 million). The private equity fund created by Keystone Private Equity to take over Dongbu was selected as the preferred bidder in May.

June 28, 2016

[DISCLOSURE] Hysonic (106080) announced on June 27 that its subsidiary Hy Investment has decided on a 10.8 billion won (US$9.2 million) capital increase with third party allotment to finance operations. A total of 21.6 million stocks will be issued at 500 won each and Hysonic will purchase them with cash.

June 27, 2016

[DISCLOSURE] Daekyung Machinery & Engineering (015590) has signed a 10.4 billion won (US$8.9 million) contract with Kuwait’s TSH JV to supply materials for a chemical plant, it announced on June 27. This amounts to 4.67 percent of its recent revenue.

June 27, 2016

[DISCLOSURE] Samsung Heavy Industries (010140) will hold an extraordinary stockholders’ meeting on Aug. 19 in Seongnam, Gyeonggi Province, the company announced on June 27.

June 27, 2016

[DISCLOSURE] GS Engineering & Construction (006360) has received a 300.3 billion won (US$256 million, excluding VAT) construction order for a reconstruction project in Goyang, Gyeonggi Province, the company announced on June 27. 

June 27, 2016

[DISCLOSURE] Hyundai Wia (011210) will acquire land and building in Euiwang, Gyeonggi Province for 64.5 billion won (US$55 million) from its affiliate Hyundai Rotem (064350), it announced on June 27. The transaction will take place on June 30.

June 27, 2016

[DISCLOSURE] Global SM (900070) will exercise the rights to bonds with warrants worth 3 billion won (US$2.6 million), it announced on June 27. The conversion price is 1,488 won per share and a total of 2,016,129 shares have been issued. The listing date is not set yet.

June 27, 2016

[DISCLOSURE] Rsupport (131370) will terminate its 2 billion won (US$1.7 million) trust contract with NH Investment & Securities for repurchase due to expiration, it announced on June 27. After the expiry the company will take back 871,455 shares of its own and cash.

June 27, 2016

[DISCLOSURE] Ilshin Bio Base (068330) announced on June 27 that it will sell 1,163,981 shares of its own for 3.7 billion won (US$3.2 million) in an after-hours block deal, to secure funds for technology development and manufacturing facility extension.

June 27, 2016

[DISCLOSURE] The E&M (previously Yonghyun E&M (089230)) announced on June 27 that it will merge with its wholly owned subsidiary Hongyeon at 1:0 ratio for management efficiency.

June 27, 2016

[DISCLOSURE] Park & OPC (028040) has changed its name to Spero Global, it announced on June 27. The OPC drum and chips manufacturer has named its internal director Song Han-seong as the new CEO, it said in a separate announcement. Former CEO Gong Jeong-o has stepped down due to personal reasons but will remain as an internal director.

June 27, 2016

[DISCLOSURE] GenoFocus (187420) will suspend stock transfer from July 13-15 to confirm entitled shareholders for its extraordinary stockholders’ meeting, it announced on June 27.

June 27, 2016

[DISCLOSURE] Korea Exchange announced on June 27 that SNTEK (160600) stocks will trade ex-rights due to capital increase without consideration. The ex-rights date is June 28 and the base price is 9,370 won (US$7.99).

June 27, 2016