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[Alpha Biz=(Chicago) Reporter Kim Jisun] The Financial Supervisory Service has been confirmed to have investigated allegations raised during the purchase of stakes in Daol Investment & Securities by Kim Ki-soo, head of Presto Investment Advisory.
According to the financial investment industry on the 18th, it was reported that it investigated Kim's purchase of shares in Daol Investment & Securities and his illegality in the disclosure afterward.
The Financial Supervisory Service was confirmed to have summoned and investigated Kim directly. It was reported that the source of the funds invested in the purchase of the stake was also investigated through a written investigation.
Suspicions raised in the market are two: eligibility as a major shareholder and false disclosure.
CEO Kim intensively began to buy the stake after the stock price of Daol Investment & Securities plunged due to the Ra Duk-yeon group's stock price manipulation scandal in late April last year, and eventually became the second-largest shareholder (14.34% stake including related parties). In the process, suspicions were raised that the financial authorities intentionally avoided the eligibility review by distributing the shares. Of the 14.34% stake in Daol Investment & Securities, CEO Kim himself held 7.07%, but the remaining shares were held by his spouse Choi Soon-ja (6.40%) and Pure Asset (0.87%) run by his family.
According to the Financial Company Governance Act, if a person holds more than 10% of the voting shares of a financial company, except for related parties, he or she is subject to the screening of eligibility as a major shareholder, and a specific person avoided it without having 10%.
Suspicions of false disclosure also arose over CEO Kim's belated change of the purpose of holding shares from "general investment" to "impact of management rights." The market believes that CEO Kim may have purchased the stake with the acquisition of management rights in mind.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
