notice the comments...
On May 28th, South Korea’s Financial Supervisory Service (FSS) is preparing to request a formal criminal investigation into HYBE&n…
www.allkpop.com
He fooled around with some investment, and the fault will fall on the advisor. IF anything. It's interesting, how this "evidence' comes up to light NOW.
Someone wants him removed very badly and they tried the same last year.
From what I see, someone is coming out of the blue with these allegations. at an interesting timing and MinHee Jin wouldn't have dared to go against Bang, without someone at least at the same level of power-holding, as a backer.
One of the investment companies is jewish owned. Siri's second largest investor is MIRI Capital. Owned by Benjamin Griffith.
STIC Investments, Inc.: Company profile, business summary, shareholders, managers, financial ratings, industry, sector and market information | Korea S.E.: A026890 | Korea S.E.
www.marketscreener.com
original link:
▶마켓인사이트 5월 28일 오후 4시 40분 금융감독원이 하이브 창업자 방시혁 의장을 사기적 부정거래 혐의로 검찰에 수사를 의뢰할 방침이다. ▶본지 2024년 11월 29일자 A1, 3면 참조 28일 업계에 따르면
n.news.naver.com
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[Exclusive] Bang Si Hyuk 향 Blade head ... "Fraudulent transaction when the hive is listed"
Enter 2025.05.28. 6:18 p.m.
Modified 2025.05.29. 2:07 a.m.
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Choi Seok-chul Reporter Cha Joon-ho reporter
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PEF
received KRW 400 billion and commissioned Geumwon to investigate▶Market Insight May 28, 4: 40 p.m.
Bang Si-hyuk Hive Chairman, Hive Office / Photo provided=Hive
Financial Director of Hive founder Bang Si-hyuk Chairman of fraudulent fraud transactions The policy is to refer the prosecution to investigate the allegations.
▶Main page November 29, 2024 A1, See Page 3
According to the industry on the 28th, the 2nd bureau of Geumwon investigation, the chairman of the room said that the 2019 hive “There is no IPO plan”to existing investors, tricked into holding a stake We have obtained circumstantial evidence to sell to PEF, founded by an acquaintance of the chairman of the room.. To shareholders in the situation of promoting the listing, such as applying for an IPO designation audit It means that you shed false information and sold it. The Chairman of the Room signed an agreement with the PEF to share 30% of the investment profits, worth KRW 400 billion It was settled. The agreement between their shareholders is not listed on the securities declaration during the listing process Did.
Geumgamwon said that the things that happened during the Hive listing process were under the Capital Market Act It was determined to be a fraudulent fraudulent transaction. Geumgwon completed the relevant investigation in the early hours and fast track(As an emergency measure), we plan to notify the prosecutor. The Seoul Police Department's Wide-area Investigation Unit's Financial Crimes Investigation Unit also has the same case. We're investigating.
Hive officials said: "All transactions are legal under legal borders after legal review It was done, " he said.
Bang Si-hyuk, "Not listed"to investors...Misconduct that led aides to sell their stake in PEF
When confirmed, it is inevitable that the police investigation is already in progress.
Chairman Bang Si-hyuk, who sat on the money cushion as the financial authority listed the Hive(photo)and Private equity fund (PEF) - related investigations have made progress. It has been six months since the paper reported the related allegations. The Financial Supervisory Board initially hive related to violations of securities filings In dealing with the case, he recently switched to an unfair trade investigation. The bureau also changed from three Bureau of Investigation to two Bureau of Investigation. Belatedly, we're quickly investigating allegations of fraudulent fraud. There are. If Geum-won notifies the prosecutor sooner or later as a fast track(emergency measure), A full-scale investigation is expected.
◇”No plan " IPO designation audit
According to the Investment Bank(IB)industry on the 28th, the two Bureau of Geumwon survey disclosed the hive companyBefore the IPO, the stake of existing investors was chaired by the chairman of the room and the ' profit Deliberate in the process of being sold to PEF, an entourage who signed a 'Share' agreement Secured evidence that there was a cover-up or distortion of information. Hive and Chairman of the Room, etc., have no plans to list existing investors. At the same time, we collected a number of evidence that the company was in the process of listing Reported that.
Chairman of the Room, Hive(then Big Hit) listed in October 2020 Previous Stick Investment, Easton Equity Partners (Easton PE), Newmain Equity, etc. Sequentially, agreements were made between shareholders. The Chairman of the Room agreed to receive about 30% of the profit from the sale of these PEFs after the IPO through the agreement If the IPO fails within the deadline, the company decided to buy the stake back to the individual.
Stick and Easton PE and Newmain Equity contracted with the chairman of the room, respectively A number of hives from institutions such as Venture Capital(VC) throughout 2018 and 2019 Bought shares. Stick invested KRW 103.9 billion in October 2018, with institutional investors such as LB Investment(6.08%) Purchased 12.4%of the stake held. From June to November of the following year, the new PEF was founded by an aide to the chairman of the room Alpenroute Asset Management, which was an existing shareholder of Easton PE and Newmain Equity, and About 11.4% stake from LB Investment, former Vice President Choi Yoo-jung, etc. Bought for 130 billion won.
It is the end of 2019 when Geumgam-won is intensively looked into. In addition to covering this area, existing investors such as Legend Capital are Easton Room chairman and Hive in 2019, just before the time of the sale of PE·Newmain Equity Sent an official email urging the side to prepare for listing It was confirmed that. The Hive was attended by executives such as the Chief Executive officer in September-October of that year After opening an internal review committee and discussing it officially, the current level of corporate value is We sent an answer stating that it was not possible to list. In the industry, the fledgling PEF will draw a huge stake from existing investors On the background that could have been, Hive's answer had an impact. I'm watching. If the listing is lost, the red light will also be lit to recover the investment of existing investors Because.
Geum Won has a number of evidence that Hive was conducting an IPO at the time It is said to have been secured. Hive is a designated auditor for the IPOmandatory procedure in November 2019 with Hanyoung Accounting Corporation Signed a contract. For this purpose, it is understood that you have already applied for a designated audit before September of that year. When applying for a designated auditor, the representative's contract or the Board's minutes You must submit documents to prove that you are promoting the listing, etc. & gt; Existing investors do not have a listing plan, but the financial authorities do not have a listing plan He said he had a doctor and he had a double act in applying for a designated audit. will.
◇Total investigation power to financial authorities and police
If the investigation by Geumwon and the Prosecutor's office confirms misconduct in the transaction between the chairman of the room and the PEF, The vision that it will be difficult for the parties to avoid significant punishment Comes out. According to Article 443 of the Capital Markets Act, profits obtained or evaded by violations If it is more than KRW 5 billion, it will be aggravated by weapons or imprisonment for more than 5 years It is prescribed. The Seoul Police Department's Financial Crimes Investigation Unit is investigating the same matter. Reported that. The police investigation has already been conducted in large part, apart from the Geumwon Investigation. It's the back door.
The financial authorities also have the power and symbolism of this matter to the capital market It is reported that we will respond strictly in consideration. An undisclosed agreement between a non-listed majority shareholder and PEF in the public offering market If the structure in which huge profits are distributed is acquiesced, market confidence is This is because of the concern that the roots may be shaken.
“Hive case is a contract in the IPO process, " said a financial investment industry official Typical suspicion of fraudulent transactions in which the pursuit of saic is complex ”If the authorities don't set clear standards in this matter, “he said. Similar cases will be frequent."
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