Flashlight Capital Partners Thanks Shareholders for its Victory tmcnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tmcnet.com Daily Mail and Mail on Sunday newspapers.
The biggest shareholder of KT&G has said it opposed a nomination for chief executive of Korea s dominant cigarette maker, citing falling profitability and dubious business practices during the nominee s tenure as a board member.
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Proxy advisor Institutional Shareholder Services on Thursday urged investors in Korean tobacco conglomerate KT&G to elect director candidates nominated by two activist investors and support. | March 16, 2023
A group of activist funds filed an injunction against KT&G, Friday, in a move to table a set of thorny issues that have largely been dismissed by the Korean cigarette and ginseng product manufacturer, according to market watchers.