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[Bills in Focus] Targeting deceptive gains from convertible bonds, retrieving short-swing profits
Proposed bill: Partial Amendment to the Financial Investment Services and Capital Markets Act Proposed by Rep. Lee Wong-woo (Democratic Party of Korea) To prevent the exploitation of callable convertible bonds (CB) for deceptive gain and power, this amendment prohibits stock-listed corporations from selling the call options of the CB or bonds with warrant (BW) to their largest shareholder or affiliated persons. It al...
Source: koreaherald.com