[DISCLOSURE] K-water has decided on a 106 billion won (US$90.4 million) capital increase with third party allotment to finance investment in equipment, it announced on June 27. The government will fund the public enterprise’s capital increase with cash.

June 27, 2016

[DISCLOSURE] Tego Science (191420) will offer convertible bonds worth 1 billion won (US$852,515) to KB Financial Group’s investment fund, it announced on June 27. The maturity date is June 29, 2019.

June 27, 2016

[DISCLOSURE] Corestem (166480) announced on June 27 that its subsidiary Chemon has decided on a capital increase worth 9 billion won (US$7.7 million) with third party allotment.

June 27, 2016

[DISCLOSURE] Byon (032980) will offer convertible bonds worth 8.2 billion won (US$6.99 million) in private to finance the purchase of other corporation, it announced on June 27. The maturity date is Sept. 29, 2019.

June 27, 2016

[DISCLOSURE] Kyongbo Pharmaceutical (214390) announced on June 27 that its GMP production facilities have been approved by USFDA. The pharmaceutical company had applied for FDA inspection to export its antibiotics raw material in February.

June 27, 2016

[DISCLOSURE] Central City, an affiliate of Shinsegae (004170), has become the largest shareholder of Seoul Express Bus Terminal by purchasing 16.67 percent stake for 165.8 billion won (US$141.4 million), it announced on June 24. It now owns 64.96 percent (2,491,950 shares) of the bus terminal.

June 27, 2016

[DISCLOSURE] Huchems Fine Chemical (069260) announced on June 27 that it will dispose 1.5 million tons of greenhouse gas emission rights. The rights will be sold at 0.3 million tons a year from 2016 to 2020 and the price has not been set yet.

June 27, 2016

[DISCLOSURE] Hanjin Transportation (002320) has sold entire stake of Seoul Express Bus Terminal for 165.8 billion won (US$141.4 million) to secure investment funds, it announced on June 24.

June 27, 2016

[DISCLOSURE] SSI Partners has acquired 522,669 shares (5.36 percent) of Sungjee Construction (005980) in an outside dealing, it announced on June 27.

June 27, 2016

[DISCLOSURE] Golden Bridge Asset Management reported on June 27 that it has taken over Dongbu Lightec’s (045890) convertible bonds and owns 6.69 percent stake (1,826,484 shares) in the company.

June 27, 2016

[DISCLOSURE] Hanwha Ace Special Purpose Acquisition 1 (214680) announced on June 27 that it will merge DRTech into the firm at 1:6.2390476 ratio. When the merger is complete, the largest shareholder will be Yoon Jeong-gi and six others (28.05 percent), the current largest shareholders of the medical instrument manufacturer. Korea Exchange has suspended trading of Hanwha Ace Special Purpose Acquisition 1, the SPC announced in a separate statement.

June 27, 2016

[DISCLOSURE] Medytox (086900) has decided to purchase land and building of Mirae Asset Life Insurance for 82 billion won (US$71.5 million), it announced on June 24. This amounts to 40.28 percent of its equity capital.

June 24, 2016

[DISCLOSURE] Hyundai Engineering & Construction (000720) announced on June 24 that its contract with the East Timor government for Suai Supply Base has been canceled. The contract worth US$406.1 million was signed in June 2015 but failed to receive approval from East Timor courts.

June 24, 2016

[DISCLOSURE] KEPCO KPS (051600) has received a 66.8 billion won (US$58.3 million) order for generation plant maintenance, the KEPCO affiliate announced on June 24.

June 24, 2016

[DISCLOSURE] NURI Telecom (040160) announced on June 24 that it has merged its wholly-owned subsidiary Nuri Star Ducks into the company. The due date for the merger is Sept. 1.

June 24, 2016