Korea Gas Corporation(036460) dividend retreat and absence of treasury-stock purchases
Korea Gas Corporation(036460)'s chief executive officer has not purchased a single share of treasury stock since taking office in 2022 year 12 month. The company reduced its dividend policy, and the recently announced plan to enhance corporate value lacks details on its implementation.
Korea Gas Corporation(036460) has been criticized for being passive about enhancing shareholder value despite being a listed state-owned enterprise. The company recently disclosed that it had retreated from its dividend policy. It also unveiled a plan to enhance corporate value, but the plan did not include details on its implementation.
President Yonhee Choi has not purchased a single share of company stock since taking office in 2022 year 12 month. This information is included in the property declaration filed with the electronic disclosure system. The disclosure states that there is no record of the president's purchase of treasury stock.
The property declaration includes deposits of 9 hundred million 2 ten thousand 747 won under the names of the spouse and second daughter, as well as Samsung Electronics shares worth 1 ten thousand 679 won. The disclosed figures are reflected in the publicly disclosed property items. The company did not provide specific information on a separate treasury-stock purchase plan or when dividends would be restored.
The disclosure stated that the announced corporate value enhancement plan only sets out the general direction. It did not specify the allocation of specific amounts or an implementation schedule under the plan. The relevant disclosure can be viewed on the electronic disclosure system.
Sources: 연합인포맥스
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