bullish

KT&G: A New Shareholder Return Policy Worth 2.8 Trillion Won Over Next 3 Years

Douglas has highlighted this Insight as a Top Pick
703 Views13 Nov 2023 21:39
On 13 November, KT&G Corporation (033780 KS) announced a new shareholder return policy worth 2.8 trillion won to be implemented over three years from 2024 to 2026.
Boomeranged on Wed, 6 Dec 2023 00:53
Flashlight Capital Partners (FCP), a Singapore-based activist fund, is going activist on KT&G again. FCP started its activist proposals on KT&G last year. A key difference is that last year, NPS was KT&G's largest shareholder. However, NPS reduced its stake in KT&G to 6.2% in 3Q 2023. Largest shareholder in KT&G is now IBK Bank (7.1%). NPS is less likely to help existing management team of KT&G.
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