The financial watchdog said Thursday that it will closely look into stock offerings deemed to hurt shareholder value, vowing to enhance its review of proposed share sales.
The Financial Supervisory Service said it will assess whether proposed share offerings come in line with its key criteria, namely proper discount rates, sound financial status, mergers or acquisitions.
The measures came as five listed firms, including Korea Zinc Co., had nixed or postponed their stock sales as the watchdog called on them to revise or correct details of their stock offerings that were deemed to hurt shareholder value or failed to meet requirements. (Yonhap)
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