Huons Group merger briefing and Seoul apartment prices rise 0.31% increase
Huons Group5 in 22 held a briefing on its merger with Huons Lab to gather shareholder opinions. The exchange viewed the merger as lawful, while reports covered discussions on easing HUG project-financing guarantees, a rise in Seoul apartment prices of 0.31%, a fee warning for special-purpose trust ETFs, and GS Engineering & Construction’s expansion of pop-up stores.
Huons Group5 in 22 held a briefing on the absorption merger with Huons Lab and gathered shareholder opinions. The company said it had explained the purpose and procedures of the merger. It announced the schedule for shareholder questions and answers and the submission of opinions.
The exchange disclosed that it viewed the merger as a lawful absorption merger. It said it had determined that the merger process to avoid a duplicate listing complied with the relevant regulations. Disclosures related to the merger process are continuing.
The Korea Housing & Urban Guarantee Corporation (HUG) discussed project-financing (PF) support measures with the construction industry. HUG said it was considering lowering the guarantee threshold. Construction companies reported discussing financing and the progress of their projects.
Seoul apartment prices rose 0.31%, according to a published report reflecting the latest weekly figures. Transactions and buying demand were observed in some areas.
A warning was issued to pay attention to the fee structure of ETFs using special-purpose trusts. Investors were advised to check fee items and the total expense ratio in the prospectus. They were informed that costs may vary depending on differences in management methods.
GS E&C is operating a pop-up store in collaboration with Hyundai Department Store. Following Seongsu, the pop-up is reportedly being extended near Mokdong Xi. The collaboration was introduced as an example of cooperation between a construction company and a retailer.