Summary
- South Korea’s Financial Supervisory Service (FSS) said it has reportedly issued a correction order regarding Dunamu’s disclosure of a share swap with Naver Financial.
- The FSS said it found material omissions or false statements in the company’s restructuring plan and key information relevant to investment decisions.
- The FSS said the contents of the report on material facts may change following the correction order, and that caution is needed when making investment decisions.
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South Korea’s Financial Supervisory Service (FSS) has reportedly issued an order requiring Dunamu to correct its disclosure related to a share swap with Naver Financial.
According to a disclosure posted on Dunamu’s website on the 3rd (Korea time), the FSS reviewed Dunamu’s report on material facts (decision on share swap/transfer) submitted on the 30th of last month and said it found material omissions or false statements in key information related to the company’s restructuring plan and investment decision-making, imposing a correction order.
The FSS said that “the relevant contents of the report on material facts may change in accordance with the correction order,” adding that “caution is required when making investment decisions.”
Earlier, Dunamu disclosed its plan for a share swap with Naver Financial on the 30th.
Uk Jin
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