[DISCLOSURE] SsangYong Cement Industrial (003410) announced on June 29 that its largest shareholder Hahn & company has decided to acquire entire stake owned by the second largest shareholder Taiheiyo Cement. The investment company established by private equity fund manager purchased 25,989,010 shares from the holding company of the Japanese cement company, increasing its stake to 79.2 percent from 46.8 percent.

June 30, 2016

[DISCLOSURE] Dongsung Chemical (005190) will repurchase 50,000 shares for 1.2 billion won (US$1 million) by the end of September to stabilize stock price and to pay bonus, it announced on June 29.

June 30, 2016

[DISCLOSURE] Ring Net (042500) will issue 200,000 shares for capital increase with third party allotment to finance 713 million won (US$615,717) for operations, it announced on June 29.

June 30, 2016

[DISCLOSURE] Samhwa Networks (046390) will terminate its 1 billion won (US$863,558) trust contract with NH Investment & Securities for repurchase early for more efficient capital management, it announced on June 29. After the mid-contract termination the company will take back its own shares and cash.

June 30, 2016

[DISCLOSURE] PLA (082390) will reduce capital for 62,372,590 common stocks and 117,429 preferred stocks, it announced on June 29. Its equity capital will decrease to 1.8 billion won (US$1.6 million) from 27.2 billion won. Its largest shareholder AR Rent Service’s common stocks will be consolidated at 50:1 ratio and the rest of common stocks at 15:1 ratio. The listing date for the new stocks is Oct. 7.

June 30, 2016

[DISCLOSURE] IS Dongseo (010780) has received a 213.9 billion won (US$183 million) construction order from a reconstruction association to build apartment buildings in Busan, it announced on June 29. This amounts to 22.6 percent of its recent revenue. The construction company will lend 44.2 billion won (US$37.8 million) to the association to finance the reconstruction project, it said in a separate announcement.

June 29, 2016

[DISCLOSURE] ChoongAng Ocean (054180) has signed a 841 million won (US$718,870) contract with Hyundai Heavy Industries (009540) to supply shipbuilding blocks, it announced on June 29. This amounts to 4.73 percent of its recent revenue.

June 29, 2016

[DISCLOSURE] Doosan Engineering and Construction (011160) announced on June 29 that the Supreme Court has confirmed the original verdict that ruled against the plaintiffs who filed a lawsuit against the company to terminate the contract and return the payment for housing units.

June 29, 2016

[DISCLOSURE] Orient Bio (002630) reported on June 29 that between April 2015 and March 2016 it posted sales of 105 billion won (US$89.9 million) and 100 million in operating profit. The pharmaceutical company recorded 2.5 billion won net loss for the fiscal year.

June 29, 2016

[DISCLOSURE] Toray Chemical Korea (008000) announced on June 29 that its wholly owned subsidiary Toray Advanced Materials Korea has purchased 315,652 shares (0.68 percent) of the chemical company in an after-hours dealing. 

June 29, 2016

[DISCLOSURE] SI Resource (065420) announced on June 29 that its 2.5 billion won (US$2.1 million) contract with GHM to supply cosmetics and health care products has been canceled. This amounts to 8.97 percent of its recent revenue.

June 29, 2016

[DISCLOSURE] Rocket Mobile (043710) announced on June 29 that its subsidiary EMC Penguin will merge with its wholly owned subsidiary DMC Penguin at 1:0 ratio for management efficiency. Both companies are advertising, public relations and marketing agencies.

June 29, 2016

[DISCLOSURE] Noroo Paint & Coatings (090350) has signed a 45.3 billion won (US$38.8 million) contract with its affiliate Noroo Coil Coating to supply coating material for colored sheet and related products, it announced on June 29. This amounts to 9.81 percent of its recent revenue.

June 29, 2016

[DISCLOSURE] Korea Resources Investment & Development (033430) announced on June 29 that its largest shareholder has changed to Hangang Holdings from JK Enterprise by participating in capital increase with third party allotment. Hangang Holdings now owns 21.33 percent stake of the overseas mineral and resource developer.

June 29, 2016

[DISCLOSURE] Pangen Biotech (222110) has signed a 600 million won (US$513,479) contract manufacturing agreement with SamChunDang Pharm (000250) to supply protein, it announced on June 29. This amounts to 16.1 percent of its recent revenue.

June 29, 2016