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The two main aircraft of Incheon airport [연합뉴스 자료사진]
(Seoul = Yonhap News) Reporter Ji-Heon Lee = A private equity fund (PEF) activist who confronted President Cho Won-tae about the management of the Hanjin group, KCGI said that Hanjin’s acquisition of Asiana Airlines Kal could lead to damage to customers and loss of shareholders and creditors. Negative intentions expressed.
On this day, KCGI released a position on the acquisition of Hanjin Kal and Asiana Airlines and said: “I have reasonable doubts that this is a measure to preserve the position of the current management while ignoring the rights of other shareholders.”
KCGI said: “The incorporation of Asiana Airlines, which is experiencing the worst financial crisis in the Hanjin Group, with no concrete concerns about synergies and industrial values is due to damage to customers, such as employee employment and aviation safety issues. , and losses to shareholders and creditors. It can lead, “he stressed,” should go through sufficient review and a transparent consultation process.
“Hanjin Kal can secure more than 1 trillion won in loans through the exercise of new pre-issued stock rights and the sale of non-essential assets.” .
KCGI said: “As the current largest shareholder of Hanjin Kal, we kindly ask for an in-depth dialogue, including meetings with creditors, government authorities and the management of Hanjin Kal” and “the protection of social values, rights and interests. of creditors and shareholders through the restructuring of the aviation sector. “I am ready to openly review all ideas for the plan,” he said.
According to the financial sector, the Bank of Korea is considering investing funds in Hanjin Kal through a third party paid capital increase method and Hanjin Kal’s acquisition of Asiana Airlines’ Kumho Industries shares (30.77 %).
In this regard, the Bank of Korea said: “Among the various options, it is under review but has not been confirmed.
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13/11/2020 11:53 sent
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