[Alpha Biz=(Chicago) Reporter Paul Lee] The Financial Supervisory Service is said to have detected allegations of undisclosed information use by employees of private equity fund operator "Hahn & Company" and asked the prosecution to investigate it.

According to the financial investment industry on the 4th, the FSS transferred the case to the Seoul Southern District Prosecutors' Office through an emergency measure (Fast-Track· Fast Track) system for at least four Hahn & Company employees.

The Financial Supervisory Service believes that Hahn & Company executives and employees used undisclosed information to buy shares in advance before announcing the acquisition of Namyang Dairy Products' management rights.

Hahn & Company signed a contract to acquire Namyang Dairy Products in May 2021.

At that time, Namyang Dairy Products boycotted its products among consumers and its stock price also weakened due to the controversial effect of exaggerating the COVID-19 suppression effect of dairy products Bulgaris.

Shares have risen nearly 60 percent in the two days since Namyang Dairy announced the sale of its stake in the owner.

 

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