[제주교통복지신문 이소민 기자] Edison Motors’ link to Edison EV (presently Smart Solutions), which arose in the procedure of a unsuccessful takeover of Ssangyong Motor, has been disclosed to be accurate. He is predicted to obtain more of a blow if former CEO Kang Young-kwon’s involvement is unveiled to be correct in the prosecution’s investigation.
The Economical Supervisory Assistance (FSS) judged that the six financial investment associations, which are Edison EV’s main shareholders, acquired unlawful profits by boosting the stock price by employing the takeover of Ssangyong Motor as a bait-and-change for the scenario. At the second, the prosecution is dashing up the investigation.
According to the fiscal and legal circles on the 25th, it was documented that the Lee loved ones, well known as a company hunter, has a strategy to receive Ssangyong Motor for earnings uses by manipulating inventory selling prices.
Edison EV was beforehand acquired by Edison Motors last yr, and as the prepare to obtain Ssangyong Motor turned recognized, shares traded from 6,000 won in May possibly final 12 months to 8,2400 received per share in November every single a year. In the system, investment societies that experienced bought all around 40% of the shares had been located to have disposed of most of their shares when the inventory rate rose, and the prosecution is at this time investigating the source of their funds.
Edison EV, which Edison Motors used as a window for financing the acquisition of Ssangyong Motors, is a KOSDAQ-listed company obtained by Vitality Alternatives, the largest shareholder of Edison Motors, in June very last yr.
On the other hand, Ssangyong Motors proceeded to resell with the KG consortium after canceling the expense agreement with Edison Motors. The present procurement situation crosses the 9th crest.
Jeju Transportation Welfare Newspaper, TW Information
