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Truststone Urges Taekwang Industries to Review Value Plan, Demands 5:1 Stock Split and Higher Dividends

2026-07-14 02:08:07

According to Asia Economy, on July 14 Truststone Asset Management, Taekwang Industries' second-largest shareholder, sent an open shareholder letter demanding a comprehensive review of the company's value-up plan announced last month. Truststone called for an immediate 5:1 stock split to address severe liquidity constraints and urged dividend payout ratios to rise from 10% this year to 40% by 2030, in line with KOSPI averages. The firm also requested management and the board respond in writing within 30 days, warning of potential extraordinary shareholder meetings and legal action if demands are not addressed.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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