Flashlight Capital Calls on Samsung to Put S-1 Stake Up for Open Auction
Flashlight Capital Partners Pte. Ltd. ("Flashlight Capital") today called on the five Samsung Group affiliates that together hold 20.6% of S-1 Corporation (KRX: 012750) ("S-1") – Samsung SDI, Samsung Life Insurance, Samsung Fire & Marine Insurance, Samsung Card and Samsung Securities – to sell their stake through an open auction.
Flashlight Capital Sends Letter to Samsung’s Jay Lee: Do Not Interfere
Flashlight Capital Partners Pte. Ltd. (“Flashlight Capital”) announced today that it has requested to inspect and copy the shareholder registers of the five Samsung Group affiliates that collectively hold a 20.6% stake in S-1 Corporation (KRX: 012750) (“S-1” or the “Company”): Samsung SDI, Samsung Life, Samsung Card, Samsung Securities and Samsung Fire & Marine.
Flashlight Capital Offers to Buy Samsung Group’s Entire 20.6% Stake in S-1
Flashlight Capital Partners Pte. Ltd. (“Flashlight Capital”), a shareholder of S-1 Corporation (KRX: 012750) (“S-1” or the “Company”), announced today that it has offered to acquire the entire 20.6% stake in S-1 held by five Samsung Group affiliates—Samsung SDI, Samsung Life, Samsung Fire & Marine, Samsung Securities, and Samsung Card—for KRW 906.6 billion.
Flashlight Capital Issues Letter to Shareholders of Samsung S-1
Flashlight Capital Partners Pte. Ltd. (“Flashlight Capital”), a shareholder of S-1 Corporation (KRX: 012750) (“S-1” or the “Company”), today released a letter to the Board of Directors and fellow shareholders outlining a five-point plan to improve corporate governance and unlock shareholder value at Korea’s largest security services company.
FCP Files Lawsuit Against KT&G Directors Over “Disappearance of 1 Trillion Won in Treasury Shares”
Flashlight Capital Partners Pte. Ltd. (“Flashlight Capital”), a shareholder of KT&G Corporation (KRX: 033780) (“KT&G” or the “Company”), announced that it has filed a shareholder derivative lawsuit against KT&G’s board members to recover damages caused by the illegal donation of treasury shares. All recovered damages from FCP’s lawsuit will go directly to KT&G. FCP will cover all legal expenses related to this action to promote improved governance at KT&G and in Korea more broadly.
