The family of SG's major shareholders, block deal worth 5.6 billion won."Emphasis on responsible management"
Early repayment of KRW 4.5 billion in Lime Fund CB on the 23rd
SG announced on the 24th that CEO Park Chang-ho and a special official purchased 5.6 billion won of its shares through after-hours mass trading.
The total purchase volume was 2,44,6251 shares, with Park buying 1,467,751 shares, while her wife Choi Soon-bok (special official) bought 978,500 shares. It is worth 5.61 billion won at the close of the market on the 22nd. Through the purchase of SG shares, Park's stake rose by 4.00 percent to 27.13 percent and Choi Soon-bok's stake rose 2.66 percent to 13.32 percent.
In addition to ascon and ready-mixed concrete manufacturing and road pavement projects, the company is expanding its business area by developing 'EGR+', an eco-friendly business facility for ascon, for the first time in Korea. Using steel slag instead of natural aggregate, the company has developed 'ecostyl ascon', which is 1.5 times stronger and twice as durable as regular ascon, and is currently carrying out commercialization.
"We purchased SG shares to enhance shareholder value of SG Corporation, which is extremely undervalued compared to corporate value, and to active and responsible management," CEO Park said. "We will raise the company's value with confidence in the future growth potential of Ascon's eco-friendly facilities EGR+ and eco-steel Ascon."
Meanwhile, the company announced on the previous day that it had repaid 4.5 billion won in convertible bonds (CB) issued from the Lime Asset Management Fund. As a result, he stressed that the entire amount of convertible bonds issued from the Lime fund on July 20, 2018 has been cleared up in August to address the so-called "Lime risk."
Kim Gyu-ri
Source : https://news.naver.com/main/read.nhn?mode=LSD&mid=sec&sid1=101&oid=009&aid=0004621695