[단독]’SsangYong Motor Acquisition’ Edison Motors put 4 billion won into listed companies and withdrew 50 billion won

Listed company A decided to invest tens of billions of won in company B. However, on the board of directors of this listed company A, the major shareholders and executives of B participate as directors. It is a de facto ‘self-investment’. The domestic commercial law prohibits such transactions by listed companies. It is not to take company money for the sake of major shareholders, special people, and directors. In the process of acquiring Ssangyong Motor, which is in the process of corporate rehabilitation (former court management)

Reference-www.hani.co.kr

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