Board Change • Jan 19
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Duyuru • Nov 04
RedHill Announces $10.5 Million New York Supreme Court Judgment Win Now Final for Enforcement RedHill Biopharma Ltd. announced that the New York Supreme Court's summary judgment in favor of RedHill against Kukbo Co. Ltd. ("Kukbo") is now final and eligible for enforcement and foreign recognition, with no further appeal permissible following expiry of the appeal period. The Court has awarded more than $10.5 million in total to RedHill, comprised of the main judgment of approximately $8.6 million, now final and eligible for enforcement, and the award for legal fees and expenses of approximately $1.9 million (both include the principal amounts and accrued interest, to date) which remains subject to appeal until March 13, 2026. 9% annual statutory interest continues to accrue on both awards. In addition, RedHill has secured a Korean court attachment grant against Kukbo aimed at preventing Kukbo from disposing of assets prior to judgment enforcement. Duyuru • Sep 30
RedHill Biopharma Ltd. Wins New York Supreme Court Appeal, Upholding $10 Million Summary Judgment Against Kukbo RedHill Biopharma Ltd. announced that The New York Supreme Court has, on appeal, upheld its original summary judgment ruling and award in favor of RedHill, clearly stated that RedHill had properly fulfilled its obligations according to the Agreements, even after Kukbo's non-payment breach. RedHill has been granted approximately $10 million in total awards from related court actions, comprised of the $8.25 million original award and a subsequent $1.82 million award for legal costs and expenses (including 9% ongoing statutory interest accrual). Kukbo has the right to further appeal the Court's ruling. In addition, to the New York Supreme Court case, RedHill recently won an attachment grant against Kukbo, from Korea'sIncheon District Court, providing a court-ordered seizure (attachment) of Kukbo's assets, preventing their disposal prior to judgment enforcement. Duyuru • Aug 20
Redhill Biopharma Ltd. Receives $1.8 Million in Legal Costs and Expenses by New York Supreme Court in Addition to Its Prior $8.25 Million Summary Judgment Win RedHill Biopharma Ltd. announced that the New York Supreme Court has awarded RedHill approximately $1.82 million in legal costs and expenses (including interest) in its action against Kukbo. The award follows, and is in addition to, the New York Supreme Court's prior summary judgement award of approximately $8.25 million (including interest) in favor of RedHill. 9% ongoing statutory interest accrual is applicable to both the original summary judgment and the award of legal costs and expenses. RedHill also succeeded in its application to Korea's Incheon District Court for an attachment grant against Kukbo. This provides a court-ordered seizure (attachment) of Kukbo's assets, preventing their disposal prior to judgment enforcement. Kukbo appealed the summary judgment decision on December 4, 2024, and the parties have since completed briefing on that appeal with oral argument tentatively scheduled for the September term. Kukbo also has a right to seek an appeal of the award of legal costs and expenses. Duyuru • May 14
Redhill Biopharma Secures Kukbo Asset Freeze Following Redhill's $8.25 Million Plus Legal Fees New York Supreme RedHill Biopharma Ltd. announced that it had won its attachment petition to the Court in South Korea on Kukbo Co. Ltd.'s ("Kukbo") assets, following the approximately $8.25 million plus legal fees and costs summary judgment ruling in RedHill's favor by the New York Supreme Court. An attachment petition in South Korea refers to a court-ordered seizure (attachment) of a debtor's assets to secure a claim before or during a lawsuit, designed to prevent the debtor from disposing of assets before the creditor can enforce a judgment. RedHill's approximately $8.25 million summary judgment win includes approximately $1.75 million in accrued interest at 9%, emanating from Kukbo's failure to pay RedHill according to the terms of subscription and licensing agreements signed by the two companies in October 2021 and March 2022, respectively. Additionally, and in accordance with the court's ruling, a motion has been filed to recover legal fees and costs. Duyuru • Feb 12
KUKBO Co.,LTD, Annual General Meeting, Mar 31, 2025 KUKBO Co.,LTD, Annual General Meeting, Mar 31, 2025, at 09:30 Tokyo Standard Time. Location: conference room, 42, gwangnam-ro, suyeong-gu, busan South Korea Duyuru • Apr 17
KUKBO Co.,LTD announced that it has received KRW 499.998897 million in funding from MRAG1 SPC Co, Ltd On April 15, 2024, KUKBO Co.,LTD closed the transaction. Duyuru • Mar 08
KUKBO Logistics Co., Ltd. announced that it expects to receive KRW 4.999999446 billion in funding from M Real Estate Growth No. 1 Investment Purpose Limited Company KUKBO Logistics Co., Ltd. announced a private placement to issue 2,102,607 common shares at an issue price of KRW 2,378 for the gross proceeds of KRW 4,999,999,446 on March 7, 2024. The transaction will include participation from returning investor M Real Estate Growth No. 1 Investment Purpose Limited Company for 2,102,607 common shares. The transaction has been approved by the shareholders of the company and is expected to close on March 15, 2024. The securities are restricted to a hold period of 1 year. Duyuru • Feb 15
KUKBO Logistics Co., Ltd. announced that it expects to receive KRW 499.997952 million in funding KUKBO Logistics Co., Ltd. announced a private placement to issue 182,016 shares at an issue price of KRW 2,747 for the gross proceeds of KRW 499,997,952 on February 14, 2024. The transaction will include participation from new individual investor Chanha Park for 182,016 shares. The transaction has been approved by the shareholders of the company and is expected to close on February 22, 2024. The securities are restricted to a hold period of 1 year. Board Change • Feb 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Duyuru • Jan 17
KUKBO Logistics Co., Ltd. announced that it expects to receive KRW 999.9978 million in funding KUKBO Logistics Co., Ltd. has announced a private placement of 392,156 common stock at issue price of KRW 2,550 per share for gross proceeds of KRW 999,997,800 on January 17, 2024. The transaction includes individual investor participation of Park Nam Ro for 156,862 common stock, Je Hyuk Soo for 117,647 common stock and Kim Seon Guk for 117,647 common stock. The transaction is expected to close on January 25, 2024. The transaction has been approved by the board of directors of the company. All the securities issue under the offering is subject to a lock up period of one year. New Risk • Nov 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩8.3b free cash flow). Earnings have declined by 33% per year over the past 5 years. Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Market cap is less than US$100m (₩39.5b market cap, or US$30.4m). New Risk • Nov 25
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₩8.3b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩8.3b free cash flow). Earnings have declined by 33% per year over the past 5 years. Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₩41.3b market cap, or US$31.7m). New Risk • Aug 26
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₩6.0b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩6.0b free cash flow). Earnings have declined by 33% per year over the past 5 years. Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (₩50.9b market cap, or US$38.5m). Board Change • May 23
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Duyuru • May 12
KUKBO Logistics Co., Ltd. announced that it has received KRW 6.58 billion in funding from Hanyeon Development Co.,Ltd, Hanchang EPM Co., Ltd. KUKBO Logistics Co., Ltd. announced closing of a private placement of convertible bonds of KRW 6,580,000,000 on May 11, 2023. The transaction included participation from Hanyeon Development Co.,Ltd for KRW 2,080,000,000, Hanchang EPM Co., Ltd. for 4,500,000,000. The debt will mature on May 11, 2026. The bonds are issued at conversion value of KRW 5,662. The conversion will start on May 11, 2024 and end on April 11, 2026. The transaction has been approved by the board of directors. Reported Earnings • Mar 23
Full year 2022 earnings released: ₩314 loss per share (vs ₩305 loss in FY 2021) Full year 2022 results: ₩314 loss per share (further deteriorated from ₩305 loss in FY 2021). Revenue: ₩102.3b (up 5.6% from FY 2021). Net loss: ₩24.0b (loss widened 37% from FY 2021). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Duyuru • Dec 01
KUKBO Logistics Co., Ltd. announced that it has received KRW 19.999999646 billion in funding from Cheon Ji In M Partners Inc. On November 29, 2022, KUKBO Logistics Co., Ltd. closed the transaction. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Duyuru • Jul 12
KUKBO Logistics Co., Ltd. announced that it expects to receive KRW 8.5 billion in funding KUKBO Logistics Co., Ltd. announced a private placement of series 13 bearer type non-guaranteed private placement convertible bonds for gross proceeds of KRW 8,500,000,000 on July 11, 2022. The bonds carry 1% maturity rate, 1% coupon rate and will mature on July 21, 2025. The bonds are 100% convertible into shares at a conversion price of KRW 1,257. The bonds are convertible from July 21, 2023 and ends on June 20, 2025. The transaction was approved by the board of directors of the company. The transaction is expected to close on July 21, 2022. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Duyuru • Apr 21
KUKBO Logistics Co., Ltd. announced that it has received KRW 5.1 billion in funding On April 20, 2022, KUKBO Logistics Co., Ltd closed the transaction. The company amended the terms of the transaction. The company has now received KRW 5,100,000,000 in the transaction. The bonds will mature on April 20, 2025. The bonds are convertible into 3,635,067 shares at a conversion price of KRW 1,403 per share from April 20, 2023 to March 19, 2025. The transaction included partriipation from DA Technology for KRW 5,000,000,000 and from hwan Kim Seong for KRW 100,000,000. The bonds carry 4.5% maturity rate and 4.5% coupon rate. Duyuru • Apr 18
KUKBO Logistics Co., Ltd. announced that it has received KRW 10 billion in funding On April 18, 2022, KUKBO Logistics Co., Ltd. closed the transaction. Duyuru • Dec 29
KUKBO Logistics Co., Ltd. announced that it has received KRW 10 billion in funding On December 27, 2021, KUKBO Logistics Co., Ltd. closed the transaction. Duyuru • Dec 24
KUKBO Logistics Co., Ltd. announced that it has received KRW 10 billion in funding On December 22, 2021, KUKBO Logistics Co., Ltd. closed the transaction. Duyuru • Jun 01
KUKBO Logistics Co., Ltd. announced that it has received KRW 5 billion in funding KUKBO Logistics Co.,Ltd (KOSE:A001140) announced a private placement of round 8 bearer type non-guaranteed private placement convertible bonds for gross proceeds of KRW 5,000,000,000 on May 31, 2021. The transaction will include participation from new investor, Nesp Co., Ltd. The bonds a coupon rate of 4%, yield to maturity of 4%, and will mature on May 31, 2024. The bonds can be 100% converted into 2,821,670 common shares at a fixed conversion price of KRW 1,772 per share for 4.99% stake in the company. The conversion period is from May 31, 2022 to April 29, 2024. The transaction has been approved by the board of directors of the company. The bonds carry a hold period of one year. Reported Earnings • Mar 28
Full year 2020 earnings released: ₩415 loss per share (vs ₩370 loss in FY 2019) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: ₩109.9b (up 23% from FY 2019). Net loss: ₩15.9b (loss widened 120% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Duyuru • Mar 18
KUKBO Logistics Co., Ltd., Annual General Meeting, Mar 31, 2021 KUKBO Logistics Co., Ltd., Annual General Meeting, Mar 31, 2021, at 09:30 Korea Standard Time. Duyuru • Feb 24
KUKBO Logistics Co.,Ltd announced that it expects to receive KRW 999.999116 million in funding KUKBO Logistics Co., Ltd. (KOSE:A001140) announced private placement of 560,852 shares at a price of KRW 1,783 per share for gross proceeds of KRW 999,999,116 with Youngjun Na on February 23, 2021. The shares will be issued at premium to par value of KRW 500 per share. The shares will be issued pursuant to exemption provided under small offering. The expected payment date is March 04, 2021. The transaction is approved by the board of directors of the company. Is New 90 Day High Low • Feb 22
New 90-day high: ₩2,125 The company is up 4.0% from its price of ₩2,050 on 24 November 2020. The South Korean market is up 18% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Transportation industry, which is also up 4.0% over the same period. Duyuru • Jan 28
KUKBO Logistics Co.,Ltd announced that it expects to receive KRW 10 billion in funding KUKBO Logistics Co.,Ltd (KOSE:A001140) announced a private placement of series 6 non-guaranteed private convertible bonds for gross proceeds of KRW 10,000,000,000 on January 26, 2021. The transaction will include participation from new investor Seed & Contents Co.,. The bond is issued at 1% coupon rate, 1% maturity rate and will mature on February 26, 2024. The bonds can be 100% converted into 5,800,464 common shares at a fixed conversion price of KRW 1,724 per share. The conversion period is from February 26, 2022 to January 25, 2024. The transaction has been approved by the board of directors of the company. The subscription date is January 26, 2021 and the payment date is February 26, 2021. Is New 90 Day High Low • Jan 28
New 90-day low: ₩1,615 The company is down 19% from its price of ₩2,000 on 30 October 2020. The South Korean market is up 32% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Transportation industry, which is up 9.0% over the same period. Is New 90 Day High Low • Dec 22
New 90-day low: ₩1,875 The company is down 16% from its price of ₩2,220 on 23 September 2020. The South Korean market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Transportation industry, which is up 1.0% over the same period. Is New 90 Day High Low • Nov 26
New 90-day low: ₩1,935 The company is down 28% from its price of ₩2,670 on 28 August 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Transportation industry, which is up 10.0% over the same period. Is New 90 Day High Low • Nov 02
New 90-day low: ₩1,985 The company is down 20% from its price of ₩2,475 on 04 August 2020. The South Korean market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Transportation industry, which is up 2.0% over the same period. Duyuru • Sep 24
KUKBO Logistics Co.,Ltd announced that it expects to receive KRW 50.00000181 billion in funding from Buxi Busan Co., Ltd., Kb Kukbo Co., Ltd. KUKBO Logistics Co.,Ltd (KOSE:A001140) announced that it will issue 16,077,171 common shares at a price of KRW 3,110 per share for a gross proceeds of KRW 50,000,001,810 on November 5, 2019. The company will issue the shares through third party capital allotment. The transaction will include participation from Coresend Co., Ltd. The expected payment date is December 20, 2019. The transaction has been approved by the board of directors of the company. The securities are subject to one year protection period. Duyuru • Sep 10
An unknown buyer acquired 3% stake in KUKBO Logistics Co.,Ltd (KOSE:A001140) from Caris Co.,Ltd. for KRW 2.7 billion on September 7, 2020. An unknown buyer acquired 3% stake in KUKBO Logistics Co.,Ltd (KOSE:A001140) from Caris Co.,Ltd. for KRW 2.7 billion on September 7, 2020. Caris Co.,Ltd. sold 1.4 million shares of KUKBO Logistics Co.,Ltd at KRW 1852 per share. post completion, Caris Co.,Ltd. will hold 3.9 million voting shares.
An unknown buyer completed the acquisition of 3% stake in KUKBO Logistics Co.,Ltd (KOSE:A001140) from Caris Co.,Ltd. for KRW 2.7 billion on September 7, 2020. Duyuru • Jun 20
KUKBO Logistics Co.,Ltd announced that it has received KRW 4.99999995 billion in funding On June 19, 2020, KUKBO Logistics Co.,Ltd (KOSE:A001140) closed the transaction. 