In today’s briefing:
- DS Dansuk IPO Preview
- Hyundai Elevator: Hyun Jeong-Eun Resigns from the BOD Chairwoman Position
DS Dansuk IPO Preview
- DS Dansuk is getting ready to complete its IPO in Korea in the next several weeks. The IPO price range is from 79,000 won to 89,000 won.
- The book building for the institutional investors will be from 5-11 December. The IPO offering amount is from 96.4 billion won to 108.6 billion won.
- According to the bankers’ valuation, DS Dansuk’s valuation would range from 462 billion won to 522 billion won.
Hyundai Elevator: Hyun Jeong-Eun Resigns from the BOD Chairwoman Position
- On 17 November, Hyun Jeong-Eun resigned from the Hyundai Elevator Co Board of Directors Chairwoman and internal director positions, mainly due to strong pressures from other major shareholders.
- With Hyun Jeong-Eun finally out of the company, Hyundai Elevator is likely to significantly emphasize on improving its corporate governance.
- Hyundai Elevator is considering new shareholder return policies, including a potential 50%+ dividend payout, higher share buybacks, and a mandatory minimum dividend yield.
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