[DISCLOSURE] Hyundai Rotem (064350) has been suspended from participating in bids of public institutions in Korea for 10 months, it announced on June 23. It was deemed as an improper contractor for breach of contract. Its sales revenue loss is estimated to be 1.1 trillion won (US$935.6 million) and the railway systems company will file for suspension of execution for administrative disposition.

June 24, 2016

[DISCLOSURE] Hyundai Securities (003450) will transfer entire stake of its own to KB Financial Group for 107.1 billion won (US$93.4 million), it announced on June 23. When the transfer of 16,715,870 stocks (7.06 percent) is completed on June 24, the financial group’s stake in the securities firm will increase to 29.62 percent.

June 24, 2016

[DISCLOSURE] Hanjin Shipping (117930) has decided to sell share of its Chinese affiliate Shandong Hanjin Logistics worth 9.5 billion won (US$8.3 million) to secure liquidity, it announced on June 24. The shipping company will also sell its shares of Dalian Hantong Logistics and Shanghai Hanjin Freight & Transportation, worth 2.6 billion won and 8.8 billion won respectively, it announced in separate statements.

June 24, 2016

[DISCLOSURE] SK Engineering & Construction announced on June 23 that it will issue redeemable preferred stocks worth 50 billion won (US$43.4 million) with third party allotment to improve liquidity and financial structure.

June 23, 2016

[DISCLOSURE] Daewoo Engineering & Construction (047040) will guarantee a 98 billion won (US$85.1 million) debt of a housing reconstruction association, it announced on June 23. This amounts to 4.5 percent of its equity capital.

June 23, 2016

[DISCLOSURE] Doosan Engineering & Construction (011160) announced on June 23 that its CEO Song Jeong-ho has resigned and CFO Kwak Seung-hwan will step in. The company is now co-chaired by Kwak and another CEO Lee Byung-hwa.

June 23, 2016

[DISCLOSURE] Neopharm (092730) announced on June 23 that its largest shareholder has changed to Hanbul Cosmetics and three others from An Yong-chan and eight others. They own 2,349,340 shares in total and their stake is 31.49 percent.

June 23, 2016

[THE INVESTOR] Hize Aero (221840) announced on June 23 that Lazard Korea Asset Management has purchased 1 million of its shares in an after-hours block deal, owning additional 5.65 percent stake of the aero parts company. The stocks belonged to venture capitals LB Investment and DSC Investment, and their stake decreased to 0 percent and 4.99 percent, respectively.

June 23, 2016

[DISCLOSURE] Hyundai Motor (005380) will hold an IR for institutional investors at 2016 Korea Inc. Discovery Day on June 24 at MiraeassetDaewoo Securities headquarters in Seoul, it said on June 23.

June 23, 2016

[DISCLOSURE] Farmsco (036580) announced on June 23 that its swine-farming subsidiary Farmsco Bio Inte Agricultural has merged Green Pig Farms into the firm at 1: 0.1175 ratio.

June 23, 2016

[DISCLOSURE] Samsung Engineering (028050) has received a 514.5 billion won (US$446.6 million) construction order from Samsung BioLogics, it announced on June 23. This amounts to 7.99 percent of its recent revenue.

June 23, 2016

[DISCLOSURE] PharmswellBio (043090) announced on June 23 that its CEO Lee Yeong-mi has resigned for personal reasons and internal director Jang Yeong-jin will step in. The company is now jointly represented by Jang and Chu Yeon-u.　

June 23, 2016

[DISCLOSURE] IDIS Holdings (054800) has acquired 156,740 (1.01 percent) of Kortek (052330), it announced on June 23. The digital solutions provider now owns 4.97 million shares of the industrial display manufacturer, increasing the stake to 31.91 percent.

June 23, 2016

[DISCLOSURE] Sungmoon Electronics (014910) will guarantee a 1.7 billion won (US$1.5 million) debt of its subsidiary Qingdao Sungmoon Electronics, the company announced on June 23. This amounts to 6.05 percent of its equity capital.

June 23, 2016

[DISCLOSURE] Telcon (200230) will increase capital without consideration, rewarding its shareholders with a total of 5,022,000 issues, it announced on June 23. They will be distributed at 1:1 and will be listed on June 29. The company’s stock trading will be suspended due to the issuance of bonus shares, it announced in a separate statement.

June 23, 2016