gs engineering under probe over falsified prospectus
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

GS Engineering under probe over falsified prospectus

Arab Today, arab today

Arab Today, arab today GS Engineering under probe over falsified prospectus

Seoul - Yonhap

South Korea's financial watchdog is probing a major local construction firm over whether it has intentionally hidden applicable risk factors in selling bonds to investors while being fully aware of such risks, informed sources said Thursday. According to the sources, the Financial Supervisory Service (FSS) is looking into GS Engineering & Construction Co.'s sale of corporate bonds totaling 380 billion won (US$356 million) in February of last year, which came just two months ahead of its announcement of its first-quarter earnings.

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