Latest Breaking News On - Shin chang jae - Page 6 : comparemela.com
Kyobo, Affinity set to escalate lawsuit despite ICC arbitration
koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.
Launch of merged Shinhan Life to intensify health insurance competition
koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.
Trial of Anjin accountants, Affinity execs begins
Posted : 2021-04-30 08:43
By Lee Kyung-min
Deloitte Anjin officials denied charges, Thursday, that it had exercised discretion to help inflate the value of put options to be sold by Affinity Equity Partners, a Hong Kong-based private equity firm (PEF), saying prosecutors claims lacked the logic to indict its accountants.
This is the latest development in the years-long dispute between Kyobo Life Insurance Chairman Shin Chang-jae and the company s financial investors represented by a consortium led by the Hong Kong-based PEF.
The dispute is over whether the consortium can exercise a put option at nearly double the price Shin was willing to pay. A put option is a contract giving the owner the right to sell ― or sell short ― a specified amount of an underlying security at a predetermined price within a specified time frame.
vimarsana © 2020. All Rights Reserved.