Truston Asset Management Urges Taekwang Industries to Review Enterprise Value Plan on July 14

Taekwang-4.64%
According to iNews24, on July 14, Truston Asset Management, the second-largest shareholder of Taekwang Industries, sent an open shareholder letter demanding a full review of the company's 2026 enterprise value enhancement plan. Truston cited concerns regarding the company's intended use of treasury shares for M&A and questioned the role of the independent board in validating such decisions. The company has requested written responses from management and the independent board within 30 days.
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