KG Group declares 'returning 50% of net profit to shareholders' and sells stake in LS Electric
KG Group said it would 5return % of the annual net profits of its affiliates to shareholders and is pursuing the acquisition of K Car. LS Electric said it would secure liquidity by selling its stake in a robotics affiliate. Private equity firm La Défense Partners said it would participate in Oscotec's corporate governance improvement efforts.50% of the annual net profits of its affiliates to shareholders and is pursuing the acquisition of K Car. LS Electric said it would secure liquidity by selling its stake in a robotics affiliate. Private equity firm La Défense Partners said it would participate in Oscotec's corporate governance improvement efforts.
KG Group announced that it would 5return % of the annual net profits of its affiliates to shareholders. In announcing the policy, the group said it was pursuing the acquisition of K Car. The company said it would disclose the specific execution method and timing in future filings.50return % of the annual net profits of its affiliates to shareholders. In announcing the policy, the group said it was pursuing the acquisition of K Car. The company said it would disclose the specific execution method and timing in future filings.
K Car has been mentioned as a potential acquisition target for KG Group. The details of the negotiations and acquisition terms between K Car and KG Group have not yet been disclosed. Both sides said they were proceeding with the related procedures.
LS Electric decided to sell part of its stake in a robotics affiliate. The company said the stake sale would secure liquidity. It said the buyer and transaction size would be separately disclosed in the relevant filing.
Private equity firm La Défense Partners said it would participate in efforts to improve OscoTek’s governance structure. La Défense Partners formalized its intention to participate, and OscoTek said it was conducting related discussions. The specific form of participation and improvement plan are to be disclosed later.
Chairman Chung Yong-jin announced that he had returned as a registered director of an affiliate in 6 month 8 day. Chairman Chung explained that the reason for his return was to strengthen responsible management. The targets and roles associated with his return as a registered director were disclosed as available in each company’s filings.
These announcements include changes in each company’s financial policies and management participation. The details and timing must be confirmed through filings by each company. Investors should refer to the relevant filing documents.