[Park Cheol-seong's Circuit Breaker] Hitron, a corporate hunter sacrifice? Lawsuit over suspicion of non-capital M&A, stock price decline warning
Obirock(烏飛梨落)? Share price soaring, selling half of the largest shareholder's stock!
Cheol-seong Park <Breake News Research Center Director/Columnist>
▲Hitron daily graph. Recently, Hytron's stock price has produced a suspicious rise.
Is Kospi-listed company Hytron (019490, CEO Choi Young-deok) the end of the "Corporate Hunter" offering?
Hitron M&A (corporate mergers and acquisitions) involved a professional hunter, resulting in a number of complaints. The gaze of experts looking at Hytron, a suspicion of a non-capital M&A, is full of anxiety. It is pointed out that there is concern about a stock price plunge.
In the past two months, Hytron's stock price has risen about 2.5 times. Experts pointed out that it was a suspicious surge. Suspicion was raised that even a stock price manipulator was involved.
This is a background that requires a thorough investigation by the Financial Supervisory Service, exchanges, prosecutors, and the National Tax Service.
By the way, is it Obi-Lak (烏飛梨落)?
In a public announcement on the 12th, Hytron said, “On March 11, the largest shareholder, Hytron CEO Young-deok Choi, sold 419,000 shares for 10,000 won per share.” It was reduced to 6.26%.” This is how Hytron's largest shareholder has changed.
▲ It was revealed through a public announcement that half of the largest shareholders' volume was sold over-the-counter during the period of Hytron's stock price surge.
▲ On the 12th, Hytron announced through a public announcement that it had sold 419,981 shares of half of its largest shareholders' shares at 10,000 won per share.
▲ On the 11th, it was announced that the largest shareholder was changed to Han Se-hee due to the sale of shares of Hytron's largest shareholder, Choi Young-deok.
I have to point out one here. It is not illegal to sell shares of the largest shareholder through disclosure. Nevertheless, the sale of Hytron's largest shareholders is on the cusp of three people.
It is said that Hytron's stock price was selling in the third section during the third jump. By the 4th trading day just before the sale, Hytron's stock price had already risen a lot. However, an additional surge was directed around the timing of the sale of CEO Choi, the largest shareholder.
▲ Daily graph of the timing of the sale of the shares of the largest shareholder Choi Young-deok. It can be seen that an additional surge was produced by 1.76 times during the 4 trading days.
In other words, it means that the timing was exquisitely right, or that it was made. Moreover, CEO Choi's volume sale was'over-the-counter sale by contract'.
Reporters alone obtained a complaint against Hytron's non-capital M&A (corporate merger and acquisition) suspicion of a violation of the 「Act on Aggravated Punishment for Specific Economic Crimes, etc.」. The complaint was filed with the Seoul Central District Prosecutor's Office on the 24th of last month.
The accusers were Haesung I&C, and the accused were U and G.
In the complaint, Mr. U, well-known as a corporate hunter, was "a famous person with a history of acquiring Daesung Finetech, Glopost, and Youngin Frontier, a KOSDAQ listed corporation." CEO of PE')”.
▲Hytron M&A (corporate mergers and acquisitions) was intervened by a professional company hunter, resulting in a number of complaints. The gaze of experts looking at Hytron, a suspicion of a non-capital M&A, is full of anxiety. It is pointed out that there is concern about a sharp decline in the stock price. Capture the complaint.
The crime in the complaint is eye-catching.
“Respondents U and G will have the complainant participate in the acquisition of Hytron's management rights in relation to the transfer of shares and management rights, such as the largest shareholder of Hytron, even though they were not capable.” In the name of Dream Private Equity (hereinafter referred to as Dream PE), Hytron's largest shareholder, Choi Young-deok, a memorandum of understanding performance deposit of 1,36,9315,000 won was remitted. In addition, he made a remittance of 200 million won (fee) to the respondent, G, and levied a total of 1.56,9315,000 won.”
▲Complaint receipt. The case was filed with the Seoul Central District Prosecutor's Office on February 24th for violations of the 「Act on Aggravated Punishment, etc. for Specific Economic Crimes」.
In addition, the director said, “Mr. U Dream PE is an investment company for acquiring Hytron, and Mr. G is my (Mr. U) agent who is comfortable to do work. He added, "The (buy Hytron) fee is calculated as 2% of the transaction amount, and U will pay the convertible bonds. If Hytron agrees to take over another listed company, we will allow him to take over the management rights of Hytron." .
They are also known to have written a business agreement for the acquisition of Hytron.
▲ The title is an advisory service contract, but it is stated that Haesung I&C pays a fee of 200 million won for the business agreement to Dream Private Equity to take over Hitron. (Total 2 cuts)
▲ The purchaser of Hytron is Dream Private Equity externally, but in reality, a business agreement that Haesung I&C will take over will be independently acquired and disclosed by the reporters.
The collection also contains the core contents of the business agreement.
“The core contents of the business agreement are the major shareholders of the target company with a performance guarantee equivalent to 10% of the contract amount set in the memorandum of understanding set by the complainant so that a memorandum of understanding for the sale of stocks and management rights between the largest shareholder and Dream PE can be concluded. It was to remit money to Young-deok Choi, and guarantee the terms and conditions of the transaction that the respondents pursued with the largest shareholder. The memorandum of understanding that Mr. U·G decided to attach to the business agreement will be attached later after meeting the largest shareholder and sealing the draft as it is. .”
In the end, the complainant said, "I have already paid the money, but none of the contracts have been fulfilled." Was.
▲In the memorandum of understanding for the sale of management rights, the buyer is specified as Dream Private Equity. The seller, Hytron's largest shareholder, Choi Young-deok, has made a contract of over 840,000 shares for 10,000 won per share. (Total 3 cuts)
On the other hand, the respondent, Mr. U, told reporters through a text message that "I am not going to sue innocent," saying to the reporters, "Because of these rumors, I have not been swindled with other people's money."
In addition, regarding the questionnaire sent by the reporters regarding the complaint, he said, “These questions are too absurd,” and “The complainant has introduced several people to claim that he is a CB payer, and spread false facts that he was pledged (established). He has secured evidence of dissemination of false facts and will sue soon.”
Eventually, only ant investors who were desperate were bruised again. This is why special attention is required to invest in Hytron.<continue>
<저작권자 ⓒ 호주브레이크뉴스 무단전재 및 재배포 금지>