[DISCLOSURE] Smart Information Technology Global (050320) will issue stocks worth 3 billion won (US$2.62 million) for capital increase to fund purchase of other corporation’s stocks, it announced on July 14. The issue price is 16,450 won and the listing date is Aug. 4.

July 14, 2016

 [DISCLOSURE] TCC Steel (002710) announced on July 14 that its affiliate TCC Bend Korea has filed for bankruptcy at Changwon District Court.

July 14, 2016

[DISCLOSURE] ED (033110) has signed a 1.07 billion won (US$931,937) contract with Xorbis to supply ICT system for Whinny World, it announced on July 14. This amounts to 11.89 percent of its recent revenue. 

July 14, 2016

[DISCLOSURE] AT semicon (089530) acknowledged on July 14 that it is seeking to attract investment but did not provide any specifics, in response to Korea Exchange’s inquiry regarding reports saying that it will raise capital with third party allotment.

July 14, 2016

[DISCLOSURE] OptoPAC (123010) announced on July 14 that it will be delisted from KONEX, a bourse for small and medium-sized businesses, and shift to the secondary bourse KOSDAQ. The stock will commence trading on KOSDAQ from July 20.

July 14, 2016

[DISCLOSURE] Kang Stem Biotech (217730) announced on July 14 that Furestem-AD Injection has got approval from the Ministry of Food and Drug Safety to initiate phase 2b of its clinical trial. 　Furestem-AD Injection is a cord blood-derived stem cell treatment for moderately subacute and chronic atopic dermatitis, the first of its kind to be developed in the world.

July 14, 2016

[DISCLOSURE] Dongwon (003580) will close its shareholders’ registry from July 30 to Aug. 3 to confirm shareholders with rights for its upcoming extraordinary shareholders meeting, it announced on July 14.

July 14, 2016

[DISCLOSURE] BoKwang Industry (225530) said on July 14 that it had no important information to share in response to Korea Exchange’s inquiry regarding the recent surge in its stock price.

July 14, 2016

[DISCLOSURE] Home Center (060560) will split off its ready-mixed concrete division into a new company and own 100 percent of its stake, it announced on July 14.

July 14, 2016

[DISCLOSURE] Samhwa Paint Industrial (000390) will repurchase 400,000 of its own stocks at 4.44 billion won (US$3.87 million) to stabilize the stock price and promote values, the company announced on July 14.

July 14, 2016

[DISCLOSURE] Leadcorp (012700) has decided on a cash dividend of 50 won (US$0.04) per share, it said on July 14. The total amount will be 1.33 billion won and the scheduled payment date is Aug. 12.

July 14, 2016

[DISCLOSURE] Signal Entertainment (099830) announced on July 14 that its short-term borrowings decreased by 3.84 billion won (US$3.35 million) by repaying its debt.

July 14, 2016

[DISCLOSURE] CKD Bio (063160) announced on July 14 that its largest shareholder has changed to its affiliate Chong Kun Dang Holdings (001630) and three others from Lee Jang-han and eight others by stock transaction. The holding company owns 37.27 percent stake. Lee is the chairman and the largest shareholder of Chong Kun Dang Holdings.

July 14, 2016

[DISCLOSURE] Techwing (089030) announced on July 14 that its operating profit in the second quarter jumped 54.15 percent to 13.06 billion won (US$11.39 million) from the same period last year. Its revenue was 48.88 billion won and the net profit 6.89 billion won, 12.89 percent and 3.11 percent increase, respectively.

July 14, 2016

[DISCLOSURE] KPM Tech (042040) announced on July 14 that its creditors have signed an MOU with Hanil Vacuum (123840) consortium to transfer 2,963,670 shares for 16.3 billion won (US$14.22 million).

July 14, 2016