[DISCLOSURE] Busan International Terminal reported on June 28 that Hanjin Shipping (117930) has sold all of its 1,466,892 shares (33.3 percent). It also reported that Sinokor Merchant Marine now owns 1,466,892 shares (33.3 percent) of the company.

[DISCLOSURE] Sammok S-Form (018310) has set the price of its new stocks at 12,950 won (US$10.97) per share, it announced on June 28. The concrete structure firm decided to issue 4.9 million shares for capital increase.

[DISCLOSURE] Hanjin Heavy Industries & Construction (097230) announced on June 28 that it has sold land and building in Incheon for 45.8 billion won (US$38.8 million) to improve its financial structure. This amounts to 0.77 percent of its total assets.

[DISCLOSURE] Histeel (071090) has signed a US$12 million contract with Italy’s Saipem to supply pipes for petrochemical products, it announced on June 28. This is part of a project to build a refinery in Kuwait and amounts to 10.59 percent of its recent revenue.

[DISCLOSURE] Yuyang D&U (011690) has obtained a patent related to method and apparatus for visible light communications for better Li-Fi, it announced on June 28.

[DISCLOSURE] Wemade Entertainment (112040) announced on June 28 that it has signed a 30 billion won (US$25.4 million) contract with Shanghai Kaiying Network Technology for licensing mobile and Web game Legend of Mir in China. This amounts to 23.7 percent of its recent revenue.

[DISCLOSURE] Alphachips (117670) announced on June 28 that its largest shareholder has changed from special purpose company Alpha Craft to Premier Bio as they have signed a stock transfer agreement. Premier Bio has purchased 982,849 shares for 8.2 billion won (US$6.9 million) and its stake will increase to 21.6 percent.

[DISCLOSURE] Meritz Financial Group (138040) denied news reports that it is considering Meritz Fire & Marine Insurance (000060), in response to Korea Exchange’s inquiry on June 27.

 [DISCLOSURE] Gumsung Tech (058370) announced on June 27 that its creditor GSR Partners has filed a petition for its bankruptcy on June 23 at Suwon District Court. Korea Exchange has suspended trading of its stocks.

[DISCLOSURE] Kukdong (005320) will issue convertible bonds worth 20 billion won (US$16.9 million) to fund operations and invest in equipment, it announced on June 27. The maturity date is June 29, 2022.

[DISCLOSURE] Pumyang Construction (002410) has decided to purchase 10 billion shares issued by Keystone Ecoprime PEF for 10 billion won (US$8.4 million), it announced on June 27. This amounts to 23 percent of its equity capital. The PEF has been created to take over Dongbu Corporation.

[DISCLOSURE] Hanmi Semiconductor (042700) has signed a US$1.7 million contract with Taiwan’s Powertech Technology to supply semiconductor manufacturing equipment, it announced on June 27. This amounts to 1.68 percent of its recent revenue.

[DISCLOSURE] Dongbu Corporation (005960) has signed an M&A agreement with Keystone Ecoprime with Seoul Central District Court’s permission, the construction company announced on June 27. The price for sale is 206 billion won (US$174 million). The private equity fund created by Keystone Private Equity to take over Dongbu was selected as the preferred bidder in May.

[DISCLOSURE] Hysonic (106080) announced on June 27 that its subsidiary Hy Investment has decided on a 10.8 billion won (US$9.2 million) capital increase with third party allotment to finance operations. A total of 21.6 million stocks will be issued at 500 won each and Hysonic will purchase them with cash.

[DISCLOSURE] Daekyung Machinery & Engineering (015590) has signed a 10.4 billion won (US$8.9 million) contract with Kuwait’s TSH JV to supply materials for a chemical plant, it announced on June 27. This amounts to 4.67 percent of its recent revenue.

[DISCLOSURE] Samsung Heavy Industries (010140) will hold an extraordinary stockholders’ meeting on Aug. 19 in Seongnam, Gyeonggi Province, the company announced on June 27.

[DISCLOSURE] GS Engineering & Construction (006360) has received a 300.3 billion won (US$256 million, excluding VAT) construction order for a reconstruction project in Goyang, Gyeonggi Province, the company announced on June 27. 

[DISCLOSURE] Hyundai Wia (011210) will acquire land and building in Euiwang, Gyeonggi Province for 64.5 billion won (US$55 million) from its affiliate Hyundai Rotem (064350), it announced on June 27. The transaction will take place on June 30.

[DISCLOSURE] Global SM (900070) will exercise the rights to bonds with warrants worth 3 billion won (US$2.6 million), it announced on June 27. The conversion price is 1,488 won per share and a total of 2,016,129 shares have been issued. The listing date is not set yet.

[DISCLOSURE] Rsupport (131370) will terminate its 2 billion won (US$1.7 million) trust contract with NH Investment & Securities for repurchase due to expiration, it announced on June 27. After the expiry the company will take back 871,455 shares of its own and cash.