2023-05-03 13:06:00
“The sale schedule is determined passively… I don’t know the buyer”
[이코노미스트 박지윤 기자]Daoukium Group Chairman Kim Ik-rae disclosed the transaction details of 1.4 million shares of Daoudata sold through off-hours bulk trading (block deal). He refuted the claim of Mr. Deokyeon Ra, who raised the suspicion of short selling, saying that ‘the cause of the stock price crash from SG Securities was Chairman Kim’.
Chairman Kim’s side said in a press release distributed through Kiwoom Securities on the 3rd that the allegation of short selling was “absurd.” On April 24, the date of settlement of the stocks sold, the balance and transaction statement, which recorded the details of the transaction price, were disclosed as evidence.
On the 24th of last month, Chairman Kim received a deposit of 60.543 billion won (43,245 won per share) for 1.4 million shares of Daoudata (3.65% stake) into his Kiwoom Securities account. Stock settlement is made two business days after the trading day. Since the block deal was carried out after the market closed on the 20th of last month, the trading proceeds were deposited on the 24th.
Chairman Kim’s side also revealed in detail how the block deal was concluded. According to Chairman Kim’s side, the block deal for Chairman Kim’s shares started in early April, and contacts were made with foreign securities companies on the 5th of the same month. Chairman Kim explained that the one company selected as the organizer completed the internal deliberation on the 19th after going through its own due diligence and legal review, and proceeded with the transaction.
Previously, through an interview with the media, Deokyeon Ra raised suspicion of short selling, saying, “We need to confirm that Chairman Kim actually received the amount he sold his stake in his account.” did.
An official from Chairman Kim’s side said, “La’s claim to distort the facts is for the purpose of spreading false information to ordinary people who are not familiar with stock trading to obscure the essence of the case.” I don’t know and I can’t know.” “The act of distorting the obvious facts and spreading false information is a serious criminal act, and we will continue to deal with it sternly,” he added.
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