Truston Asset Management rejected claims made by Taekwang Industrial Co., Ltd. (003240), Chosun Biz reported Tuesday. The dispute concerns Truston's shareholder demands and Taekwang's response.
Truston said it had not sought illegal share-price support or obstructed Taekwang's business restructuring. The asset manager issued its rebuttal after Taekwang rejected its demands and raised the possibility of legal action.
The report presented statements from both sides in the ongoing shareholder dispute. It did not announce a court filing or a settlement between the parties. The company's market capitalisation was ₩1 trillion at Tuesday's close.
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| Symbol | Last Price |
|---|---|
| 003240Taekwang Industrial Co., Ltd. | ₩909,000 -0.3% |