Truston Asset Management rejected claims made by Taekwang Industrial Co., Ltd. (003240), Chosun Biz reported Tuesday. The dispute concerns Truston's shareholder campaign and the company's restructuring.
Truston said allegations of illegal share-price support were untrue. It also denied obstructing Taekwang Industrial's business restructuring. The supplied candidate text did not provide the full company statement or identify a court filing. The response followed public claims by Taekwang Industrial about the asset manager's conduct.
The disagreement remained a public exchange between the company and shareholder. The company's market capitalisation was ₩1 trillion at Wednesday's close.
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| Symbol | Last Price |
|---|---|
| 003240Taekwang Industrial Co., Ltd. | ₩925,000 +1.8% |