Securities and Futures Commission reports former NH Investment & Securities executive to prosecutors; company signs emissions-credit MOU with GS
The Securities and Futures Commission reported a former NH Investment & Securities executive to prosecutors on suspicion of using undisclosed information. On the same day, NH Investment & Securities signed an MOU with GS Donghae Electric to cooperate on the greenhouse gas emissions trading system.
The Securities and Futures Commission 5month 20approved a proposal to report a former NH Investment & Securities executive to prosecutors on suspicion of obtaining undue gains by using undisclosed information. The individual was found to have overseen tender offer operations. The investigation reportedly uncovered indications that the individual had obtained undue gains based on undisclosed information.
Authorities classified the case as a matter related to the Joint Response Team for Stock Price Manipulation. The investigation will be transferred to prosecutors. The report to prosecutors is said to include relevant materials and investigation results.
Media reports said the amount of undue gains was believed to be in the billions of won. Trading records of the person responsible for tender offer operations within the company were confirmed as a subject of investigation. Additional facts may emerge during the legal proceedings and investigation.
On the same day, NH Investment & Securities signed a memorandum of understanding with GS Donghae Power to cooperate on the greenhouse gas emissions trading scheme. The MOU aims to establish a framework for cooperation related to the operation of the emissions trading scheme. The two companies agreed to disclose the specific scope of their cooperation and the implementation schedule at a later date.
In the market, NH Investment & Securities005940is listed as. The company is reported to have separately disclosed the complaint and the signing of the MOU. The related disclosure is classified as important information for investors.