FINWIRES · TerminalLIVE
FINWIRES

Kolon Global Reports Worker's Death at Construction Site

By

Kolon (KRX:002020) subsidiary Kolon Global (KRX:003070) reported a worker's death following a fatal accident at its Cheongju Dongnam public housing construction site, according to a Wednesday filing with the Korean Exchange.

The South Korea-based company said that the accident happened when a worker fell and died while dismantling a safety railing to install a vertical safety net in the workers' rest area.

The accident was reported on Aug. 29, and the police and the Ministry of Employment were carrying out on-site investigations and establishing prevention measures, and a partial work suspension at the site is in place.

Related Articles

Asia

Western Mining Subsidiary to Donate to Tibet Mudslide Victims

Western Mining (SHA:601168) subsidiary Tibet Yulong Copper donated 10 million yuan for mudslide victims in Gyirong County in Tibet, according to a Wednesday filing with the Shanghai bourse.The donation will come from the subsidiary's own funds.Company shares fell 2% during the midday break on Wednesday.

SHA:601168
Asia

Gunkul Engineering Names CFO

Gunkul Engineering (SET:GUNKUL) has appointed Thitawat Asaves as the chief financial officer of the company with effect from Tuesday, according to a same-day filing to the Thai stock exchange.The renewable energy company's shares were down nearly 1% in Wednesday's trade.He takes over from acting CFO Naruechon Dhumrongpiyawut, who resigned from the position effective Aug. 31.

SET:GUNKUL
Asia

Viva Goods Ups Stake in Sportswear Giant Li Ning

Viva Goods (HKG:0933) has purchased 29.6 million shares of Chinese sportswear giant Li Ning (HKG:2331) for HK$398.4 million as an investment, according to a Tuesday bourse filing.The company said it bought the shares through open market transactions at an average price of HK$13.45 apiece.Following the transaction, Viva's stakeholding in Li Ning rose to 16.9%, with ownership of 437.2 million shares.

HKG:0933HKG:2331