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.
