/Photo provided by Hankook Tire & Technology
Hankook Tire & Technology (hereafter referred to as Hankook Tire) acquires Hanon Systems, the second largest vehicle thermal management (air conditioning) company in the world. I invested in some shares in 2014 and held him in my arms 9 years after our relationship started. The plan is to create synergy targeting the new electric vehicle (OE) parts market and strengthen research and development (R&D) cooperation. For this purpose, it is planned to invest 1.733 trillion won. The investment will be made using reserve funds, and any shortfall will be raised from external funds.
On the 3rd, Hankook Tire signed a memorandum of understanding (MOU) with private equity fund (PEF) manager Han & Company to acquire the shares and management rights of Hanon Systems. First, it will buy 133.45 million shares (25% stake), half of the 269.569 million shares (50.5% stake) of Hanon Systems held by Han & Co Auto Holdings, for KRW 1.3679 trillion. The price is 10,250 won per share, a premium of more than 90% on the average stock price for 10 trading days.
After that, it will participate in a third-party capital increase worth 365.1 billion won by Hanon Systems and acquire an additional 65,144,960 new shares.
Hello Kitty Perfumes And Other Sanrio Characters That…
Are there perfumes Hello Kitty? Of this and others Sanrio characters are available through Minisoand we reveal its price and details.
Through social networks such as TikTok, it was revealed that Miniso is selling Hello Kitty perfumes and others Sanrio characters.
And as they reveal, the Hello Kitty perfumes that Miniso sells -taking advantage of the 50 years of the brand-, they even have the shape of the characters from Sanrio.
But what is the price of each of the Hello Kitty and Sanrio characters perfumes at Miniso?
This is the price of the Hello Kitty and Sanrio perfumes that you find at Miniso
Miniso has put on sale what every Hello Kitty and Sanrio fan wants: perfumes of their favorite characters.
So if you want to smell like Hello Kitty or one of the Sanrio characters, Miniso bring these little ones 10ml perfumesAmong which are:
- Hello Kitty perfume at Miniso
- Perfume the cinnamon roll and miniso
- Kuromi Perfume in Miniso
These three Hello Kitty perfumes and Sanrio charactersthey are in a price of 179.90 pesos in Miniso.
And as revealed,
Navigating The Storm: Warren Buffetts Berkshire Hathaway Faces…
Warren Buffett’s Berkshire Hathaway Reports Earnings Decline
OMAHA, Neb. (AP) — Berkshire Hathaway, led by Warren Buffett, experienced a significant decrease in earnings due to a decline in the paper value of its investments and a reduction in its Apple holdings. Despite this, a large number of shareholders eagerly anticipated insights from Buffett himself, encouraged by the strong performance of the various companies directly operated by Berkshire.
In the first quarter, Berkshire reported a profit of $12.7 billion, translating to $8.825 per Class A share, marking a 64% drop from the previous year’s $35.5 billion, or $24,377 per A share.
Buffett emphasizes the importance of focusing on the conglomerate’s operating earnings, which exclude investment figures. Operating earnings surged by 39% to $11.222 billion, or $7,796.47 per Class A share, primarily driven by the robust performance of the insurance companies under Berkshire.
Exceeding expectations, Berkshire outperformed the predicted operating earnings of $6,701.87 per Class A share by the three analysts surveyed by FactSet Research.
Apple Stake Reduction and Core Business Performance
As part of Buffett’s stock sales, Berkshire trimmed approximately 13% of its substantial Apple stake. Despite this reduction, Apple remains the largest holding within Berkshire’s portfolio,
Prices Still Growing (+0.1%) In Manufacturing
On the domestic market, prices decreased by 0.4% compared to February and by 12.7% on an annual basis (from -14.2% in the previous month). Net of the energy sector, prices grew modestly (+0.1%) and recorded a steady decline at -2.2%.
On the foreign market, prices remain unchanged on a monthly basis (+0.1% euro area, -0.2% non-euro area) and decline by 1.2% on an annual basis (-2.0% euro area, -0 .5% non-euro area).
In the first quarter of 2024, compared to the previous one, industrial producer prices decreased by 3.4% (-4.8% domestic market, -0.3% foreign market).
In March 2024, among manufacturing activities, the largest trend declines concern the chemical products sectors (-7.5% domestic market, -8.0% euro area, -4.1% non-euro area), metallurgy and manufacturing of metal products (-5.7% domestic market, -6.7% euro area, -5.1% non-euro area), rubber and plastic articles (-3.3% domestic market and non-euro area, – 1.9% euro area) and the wood, paper and printing industry (-2.8% domestic market, -8.1% euro area, -4.9% non-euro area). The highest trend increases are found in the non-euro area for means of transport (+3.2%) and other manufacturing industries, repair and installation of machinery and equipment (+2.9%). On the domestic market,
WATER AND ELECTRICITY The CEO Of Jirama Faces…
The new CEO of Jirama, Ron Weiss, with some of the company’s thinking heads.
Appointed by the council of ministers on Thursday to head the National Water and Electricity Company (Jirama), Ron Weiss, the new director general of Jirama, was quick to act. He met yesterday with the staff of this company to define the actions to be taken in order to turn the company around.
Recovery. This will surely be the leitmotif within the National Water and Electricity Company. The new general director of Jirama, Ron Weiss, indicated that the revival of this company will be focused on the energy transition. The challenges that now await Jirama number one are numerous; nevertheless, the information given during this meeting between Ron Weiss, the Minister of Energy and Jirama staff suggests the extent of the work that awaits.
It intends to contribute to the energy transition, in particular by participating in the various projects currently underway in the energy field. Among these are the construction of the Volobe and Sahofika hydroelectric dams, currently on standby. For the moment, the appropriate solution defined as “priority” by the State remains the establishment of thirty-six solar parks across forty-seven districts.
The CEO Of Ucom Gave A Lecture At…
Ralph Yirikyan, director of Ucom company, delivered a lecture at the French University in Armenia.
“The role of effective management. during the lecture “how to instill faith in employees and unite around one goal and strategy”, Mr. Yirikyan talked about the important skills of a leader and the main components of leadership.
The lecture was organized within the framework of the memorandum of understanding between the Galaxy group of companies and the French University. During the active cooperation of the parties, managers of the Galaxy group regularly give lectures and conduct master classes for university students. Students of the French university also do internships in group companies, including Ucom.
“Experience is necessary to be a good manager and administrator. you cannot be a good manager without some work experience. A good manager should encourage work processes and serve as an example to everyone. He should always learn and develop and develop his employees, because they are the main resource of any company. And when your company achieves success, you should not forget and serve the country and society”, said the general director of Ucom company. Ralph Yirikyan։
“If formal education is very necessary to train future young managers,
Record Cash At Berkshire, With Buffet Dumping Shares…
#Record #cash #Berkshire #Buffet #dumping #shares #Apple
Berkshire Hathaway, billionaire Warren Buffet’s company, recorded record cash, writes the “Financial Times”. The company accumulated $189 billion in cash in the first quarter of 2024, in part thanks to Buffet dumping some of his shares, including Apple.
According to the British newspaper, these cash values show that money has been accumulating without any new investments in sight by the company.
The company revealed on Saturday that it sold just under $20 billion in shares in the first three months of the year, buying just $2.7 billion in the same period. As a result, the value of its stock portfolio fell to $336 billion from $354 billion at the end of 2023.
The document, released to the markets this Saturday, shows that Berkshire sold a significant part of its stake in Apple. At the end of the period under review, its position in the iPhone maker was worth $135.4 billion, while at the end of 2023 it was worth $174.3 billion.
The numbers come as Berkshire shareholders gather in Omaha,
Today, The 1% In The US Own 36%…
/View.info/ According to the table of the Federal Reserve of the United States, which is entitled “Distribution of household wealth in the United States since 1989”, the percentage of American private wealth owned by the richest 1% has increased from 5 % in 1990 to 36% today. That is more than seven times.
If it was a twentyfold increase instead, then the richest 1% of the population would already own the entire country, but instead they seem to be on track to reach that 100% around 2035.
They have roughly doubled their percentage of American private wealth every decade since 1990; and at this rate they would reach 72% around 2030. Once they own everything, everyone else will either work for them or be in their debt.
The poor 99% will no longer be able to buy what the companies owned by the richest 1% will offer for sale. Obviously a massive economic crash is coming, but no one can say how soon before approximately 2035 this mega crash will happen.
This table starts in 1989, so it doesn’t show the previous numbers, but other studies put the beginning of the rise in the concentration of wealth in America after World War II around 1981.
Sal. Oppenheim How The Important Private Bank Came…
But that’s not all: When the Arcandor department store group, with which Sal. Oppenheim was closely involved through its own shares and loans to major Arcandor shareholder Schickedanz, went bankrupt in 2009, the traditional store incurred huge losses and had to be rescued by Deutsche Bank. Oppenheim shareholders were sentenced to prison for serious breach of trust, and one of them had to go to prison. Esch, on the other hand, got away with fines that he had to pay for tax evasion and unauthorized banking transactions in his role as Oppenheim’s money manager – and continues to do real estate transactions.