KRX

Flashlight Capital Partners Thanks Shareholders for its Victory

Retrieved on: 
Thursday, March 28, 2024
Professional Services, Finance, KT, Recruit, KRX, Letter, Management

Flashlight Capital Partners Pte.

Key Points: 
  • Flashlight Capital Partners Pte.
  • “We view this appointment as a victory for all shareholders, irrespective of size or nationality," remarked Sanghyun Lee, Managing Partner of Flashlight Capital.
  • Prevent Illegal Treasury Share Giveaway: Prevent former CEOs from exerting undue influence as large shareholders behind the scenes.
  • Flashlight Capital remains committed to working collaboratively with KT&G’s management and board of directors to drive sustainable value creation and enhance shareholder returns.

CLIM and Whitebox Thank Fellow Shareholders for Their Support at Samsung C&T’s Annual Meeting

Retrieved on: 
Monday, March 18, 2024
Asset Management, Professional Services, Finance, Growth, Samsung C&T Corporation, Annual general meeting, City, National Pension Service, Financial Services Commission, Samsung, CLIM, KRX, Share repurchase, Security (finance)

Today, CLIM and Whitebox commented on the outcome of the Company’s March 15, 2024, Annual Meeting of Shareholders (the “Annual Meeting”), where the Investor Group submitted shareholder proposals for (i.)

Key Points: 
  • Today, CLIM and Whitebox commented on the outcome of the Company’s March 15, 2024, Annual Meeting of Shareholders (the “Annual Meeting”), where the Investor Group submitted shareholder proposals for (i.)
  • “We greatly appreciate our fellow shareholders sending a clear and loud message to Samsung C&T at this year’s Annual Meeting: improved capital allocation and shareholder returns must be made a priority.
  • As long-term shareholders, we have engaged with Samsung C&T for years regarding our concerns with its share price performance, corporate governance and capital allocation.
  • CLIM and Whitebox intend to remain long-term holders of Samsung C&T because we believe in its immense potential.

Better Foods of Shinsegae Food Participates in NPEW to Accelerate Entry to U.S. Plant-based Food Market

Retrieved on: 
Monday, March 18, 2024
Food, Beverage, Health, Retail, Fitness & Nutrition, Organic Food, Meat, Multimedia, KRX, Exhibition, Marketing, Nuggets, Anaheim Convention Center, Fast food

Better Foods , Shinsegae Food’s (KRX: 031440) alternative food subsidiary, embarked on the U.S. market expansion by introducing ‘You are What you Eat,’ a plant-based food brand, at the Natural Product Expo West (NPEW) 2024.

Key Points: 
  • Better Foods , Shinsegae Food’s (KRX: 031440) alternative food subsidiary, embarked on the U.S. market expansion by introducing ‘You are What you Eat,’ a plant-based food brand, at the Natural Product Expo West (NPEW) 2024.
  • The NPEW, a leading exhibition introducing global natural food trends, stands as the world’s largest natural food show.
  • Following the latest participation, Better Foods has reflected the global plant-based food trend and sped up the U.S. market entry by adopting strategies customized to the local market.
  • “By participating in the NPEW 2024, we could verify the global market potential of plant-based food products using healthy ingredients,” a Better Foods official said.

ISS Recommends KT&G Shareholders Vote FOR a Board Candidate Endorsed by Flashlight Capital

Retrieved on: 
Thursday, March 14, 2024
Banking, Professional Services, Finance, KT, ALL, ISS, KRX, Holding company

Ltd (“Flashlight Capital”), a shareholder of KT&G Corporation (KRX: 033780) (“KT&G” or the “Company”), today announced that Institutional Shareholder Services Inc. (“ISS”), a leading independent proxy advisory firm, has recommended the Company's shareholders vote FOR a board candidate endorsed by Flashlight Capital at the Company’s 2024 Annual General Meeting of Shareholders (the “General Meeting”).

Key Points: 
  • Ltd (“Flashlight Capital”), a shareholder of KT&G Corporation (KRX: 033780) (“KT&G” or the “Company”), today announced that Institutional Shareholder Services Inc. (“ISS”), a leading independent proxy advisory firm, has recommended the Company's shareholders vote FOR a board candidate endorsed by Flashlight Capital at the Company’s 2024 Annual General Meeting of Shareholders (the “General Meeting”).
  • Sanghyun Lee, Managing Partner of Flashlight Capital, commented: "We are pleased that ISS has recognized the urgent need for shareholder-driven change at KT&G.
  • We encourage our fellow shareholders to waste no time and vote today, FOR director nominee Mr. Shon, (Item 3.3), and vote AGAINST KT&G’s proposed nominees (Items 3.1, 3.2 and 4).
  • Simply, please vote FOR item 3.3., and vote AGAINST all other management nominees (Items 3.1, 3.2 and 4).”
    FOREIGN SHAREHOLDERS WILL ENCOUNTER EARLY VOTING DEADLINES WITH SOME AS EARLY AS MARCH 14, 2024.

LG Energy Solution's $5.5 Billion Stand-Alone Battery Manufacturing Complex Project in Arizona Well Underway

Retrieved on: 
Wednesday, April 3, 2024
KRW, EV, Completion, Solar energy, EVS, LFP, Pleasure, Plant, Mobility, Safety, State government, LG Energy Solution, ESS, KRX, Combs High School, General Motors, Supervisor, Renewable energy

The attendees included Brian Oh, Head of Mobility & IT Battery Division at LG Energy Solution; Hyung Kim, Head of ESS Battery Division at LG Energy Solution; Richard Ra, President of LG Energy Solution Arizona; Gov.

Key Points: 
  • The attendees included Brian Oh, Head of Mobility & IT Battery Division at LG Energy Solution; Hyung Kim, Head of ESS Battery Division at LG Energy Solution; Richard Ra, President of LG Energy Solution Arizona; Gov.
  • The complex consists of two manufacturing facilities which are the company's first stand-alone cylindrical and ESS battery plants in North America.
  • The cylindrical battery plant, called LG Energy Solution Arizona, will produce 46-Series batteries for electric vehicles (EV).
  • The ESS battery manufacturing facility, called LG Energy Solution Arizona ESS, will produce lithium iron phosphate (LFP) pouch-type batteries for energy storage systems (ESS).

Hyundai Mobis Unveils Electric Vehicle Solutions Elevating Electric Consumption Efficiency, Design, and Convenience

Retrieved on: 
Thursday, March 14, 2024
EV, Attention, CUV, SUV, IVI, ECE, Atmosphere, Lighting, Hyundai, Lidar, KRX, LED, Rail transport

Suitable for SUVs and CUVs

Key Points: 
  • Suitable for SUVs and CUVs
    SEOUL, South Korea, March 14, 2024 /PRNewswire/ -- Fierce global competition is accelerating the advent of the electric vehicle (EV) era by improving electric consumption efficiency (ECE).
  • The Front Face refers to the front part of the vehicle, where the lamps, grille, and hood are located.
  • Hyundai Mobis has incorporated various cutting-edge technologies into this integrated module, including an aerodynamic system that reduces air resistance and improves ECE.
  • This technology is particularly beneficial for SUV and CUV electric vehicles, where lowering the vehicle height is challenging.

Hyundai Mobis Unveils Electric Vehicle Solutions Elevating Electric Consumption Efficiency, Design, and Convenience

Retrieved on: 
Thursday, March 14, 2024
EV, Attention, CUV, SUV, IVI, ECE, Atmosphere, Lighting, Hyundai, Lidar, KRX, LED, Rail transport

Suitable for SUVs and CUVs

Key Points: 
  • Suitable for SUVs and CUVs
    SEOUL, South Korea, March 14, 2024 /PRNewswire/ -- Fierce global competition is accelerating the advent of the electric vehicle (EV) era by improving electric consumption efficiency (ECE).
  • The Front Face refers to the front part of the vehicle, where the lamps, grille, and hood are located.
  • Hyundai Mobis has incorporated various cutting-edge technologies into this integrated module, including an aerodynamic system that reduces air resistance and improves ECE.
  • This technology is particularly beneficial for SUV and CUV electric vehicles, where lowering the vehicle height is challenging.

Flashlight Capital Endorses IBK’s Candidate on the Upcoming KT&G AGM

Retrieved on: 
Tuesday, March 5, 2024
Banking, Asset Management, Professional Services, Finance, KT, KRX, Ministry, Industrial Bank of Korea, Industrial bank, KT&G, AGM, IBK

Ltd (“Flashlight Capital”), a shareholder of KT&G Corporation (KRX: 033780) (“KT&G” or the “Company”), announced its endorsement of the director candidate proposed by Industrial Bank of Korea (“IBK”), the largest shareholder of KT&G.

Key Points: 
  • Ltd (“Flashlight Capital”), a shareholder of KT&G Corporation (KRX: 033780) (“KT&G” or the “Company”), announced its endorsement of the director candidate proposed by Industrial Bank of Korea (“IBK”), the largest shareholder of KT&G.
  • Flashlight Capital has withdrawn its director candidate from the 2024 AGM agenda.
  • “We share the same view that KT&G’s governance is in need of urgent repair,” said Sanghyun Lee, Managing Partner of Flashlight Capital.
  • “It doesn’t matter whose candidate gets elected, as long as a truly independent director secures a seat in the boardroom,” Lee commented.

ISS and Glass Lewis Recommend Samsung C&T Shareholders Vote FOR Both Value-Enhancing Shareholder Proposals

Retrieved on: 
Friday, March 1, 2024
Professional Services, Finance, KRW, KRX, Share repurchase, Samsung C&T Corporation, Investment, SCT, CLIM, City, Growth, Samsung, Glass, Annual general meeting, ISS, WILL, Policy, Dissident, Publication, Shareholder

Today, CLIM and Whitebox announced that leading independent proxy advisory firms Institutional Shareholder Services Inc. (“ISS”) and Glass, Lewis & Co., LLC (“Glass Lewis”) have recommended that SCT shareholders vote for the Investor Group’s two value-enhancing shareholder proposals (the “Shareholder Proposals”) at the Company’s March 15, 2024 Annual General Meeting of Shareholders (the “Annual Meeting”).

Key Points: 
  • Today, CLIM and Whitebox announced that leading independent proxy advisory firms Institutional Shareholder Services Inc. (“ISS”) and Glass, Lewis & Co., LLC (“Glass Lewis”) have recommended that SCT shareholders vote for the Investor Group’s two value-enhancing shareholder proposals (the “Shareholder Proposals”) at the Company’s March 15, 2024 Annual General Meeting of Shareholders (the “Annual Meeting”).
  • Agenda Item 3: the allocation of KRW 500 billion to a share repurchase program during FY 2024.
  • Shareholders who intend to submit their votes for the 2024 Annual Meeting can download the proxy form and statements from the website .
  • THE VOTING DEADLINES SET BY THE VOTING AGENTS ARE NOT THE OFFICIAL VOTING DEADLINES SET BY THE COMPANY.

Hyundai Mobis Invites Global Clients for Winter Testing

Retrieved on: 
Friday, February 16, 2024
Ice, Safety, KRX, BMW, Snow, Mercedes-Benz, Hyundai, Temperature, Road

SEOUL, South Korea, Feb. 16, 2024 /PRNewswire/ -- Hyundai Mobis (KRX: 012330) is set to conduct winter tests by inviting practical engineers from global automakers to its Swedish winter testing ground. It aims to showcase the performance of core safety technologies in braking and steering under challenging winter road conditions such as snow and ice, thereby securing customer trust and expanding future order opportunities.

Key Points: 
  • SEOUL, South Korea, Feb. 16, 2024 /PRNewswire/ -- Hyundai Mobis (KRX: 012330) is set to conduct winter tests by inviting practical engineers from global automakers to its Swedish winter testing ground.
  • Hyundai Mobis announced on the 16th that it would host the "MOBIS Winter Driving Experience" for global clients over a week starting from the 29th at the winter testing ground in Arjeplog, Northern Sweden.
  • This marks the first time Hyundai Mobis has hosted a large-scale winter technology demonstration event targeting numerous global clients.
  • Besides the Swedish winter testing ground, Hyundai Mobis also operates a winter testing ground in Heihe, Heilongjiang Province, China, and utilizes a winter testing ground in New Zealand during the summer to continuously perform performance verification and reliability evaluation of mass-produced and advanced development of auto components in winter conditions throughout the year.