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[THE INVESTOR] UK-based Hermes Investment disclosed on Sept .6 that it has purchased 275,830 shares of Lotte Fine Chemical along with five other persons with special interest.
Consequently, its stake in Lotte Fine Chemical has risen to 6.12 percent from 5.05 percent.
In 2004, Hermes Investment purchased a 5 percent stake in Samsung C&T. It claimed it had no interest in managerial control, but afterward, it demanded improvement in the firm’s corporate governance.
By Kim Ji-hyun (jemmie@heraldcorp.com)
Consequently, its stake in Lotte Fine Chemical has risen to 6.12 percent from 5.05 percent.
In 2004, Hermes Investment purchased a 5 percent stake in Samsung C&T. It claimed it had no interest in managerial control, but afterward, it demanded improvement in the firm’s corporate governance.
By Kim Ji-hyun (jemmie@heraldcorp.com)
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