bearish
Kum Yang: Auditor Raises Flags on Viability as a Going Concern + Chairman Ryu Could Sell Shares
784 Views28 Mar 2024 19:42
On 28 March, the external auditor of Kum Yang (Samil PWC) raised warnings about the viability of Kum Yang as a going concern. This is likely to negatively impact Kum Yang's share price.
Boomeranged on Wed, 3 Apr 2024 20:39
After the market close on 3 April, Kum Yang reported that Chairman Ryu sold 4.55% of the company in a block deal at a price of 106,049 won (7.3% lower than current price). The amount raised was 244 billion won. Chairman Ryu sold the shares to lend funds to construct Kum Yang's rechargeable battery factory. This block deal is likely to further negatively impact Kum Yang's share price.
SUMMARY
(Sign Up to Access)Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
- Unlock research summaries
- Follow top, independent analysts
- Receive personalised alerts
- Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.
Upgrade later to our paid plans for full-access.
or
Already have an account? Sign In Now
Full Insight
(Paid Plans Only, 6-minute read)
Discussions
(Paid Plans Only)
Price Chart(Sign Up to Access)
- Kum Yang: Rights Offering Capital Raise of 450 Billion Won28 Sep 2024
- Kum Yang: A Major Capital Raise Possible in 4Q24 Which Is Likely to Dilute Existing Shareholders31 Aug 2024
- Kum Yang: Announces Its Shares Will Be Listed on the US Stock Market Through ADRs28 Dec 2023
- Kum Yang - Submits An Agenda to Expand Issuance Limit of CB and BW to 10 Trillion Won31 Oct 2023
- Insiders Selling at Ecopro BM and Kum Yang01 Aug 2023
x