DOCSLIB.ORG

XG SCIENCES, INC. (Exact Name of Registrant As Specified in Its Charter)

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
XG SCIENCES, INC. (Exact Name of Registrant As Specified in Its Charter) As Filed with the Securities and Exchange Commission on April 12, 2017 Registration No. 333-209131 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 POST EFFECTIVE AMENDMENT NO. 4 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 XG SCIENCES, INC. (Exact name of registrant as specified in its charter) Michigan 2821 20-4998896 (State or other jurisdiction of incorporation or (Primary Standard Industrial (I.R.S. Employer organization) Classification Code Number) Identification Number) 3101 Grand Oak Drive Lansing, MI 48911 (Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices) Philip L. Rose Chief Executive Officer XG Sciences, Inc. 3101 Grand Oak Drive Lansing, MI 48911 Telephone: (517) 703-1110 (Name, address, including zip code, and telephone number, including area code, of agent for service) Copies to: Clayton E. Parker, Esq. Matthew Ogurick, Esq. K&L Gates LLP 200 South Biscayne Boulevard, Suite 3900 Miami, Florida 33131-2399 Telephone: (305) 539-3306 Facsimile: (305) 358-7095 Approximate date of commencement of proposed sale to the public: As soon as practicable after this Registration Statement becomes effective. If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act of 1933, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act of 1933, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act of 1933, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. Large accelerated filer Accelerated filer Non-accelerated filer Smaller reporting company (Do not check if a smaller reporting company) The Registrant amends this registration statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this registration statement shall hereafter become effective in accordance with Section 8 (a) of the Securities Act of 1933, or until the registration statement shall become effective on such date as the Commission, acting pursuant to Section 8(a), may determine. EXPLANATORY NOTE XG Sciences, Inc. (the “Company”) previously filed a Registration Statement on Form S-1 (File No. 333-209131) with the U.S. Securities and Exchange Commission (the “SEC”) on April 11, 2016 which was declared effective by the SEC on April 13, 2016 (the “Existing Registration Statement”). The Existing Registration Statement registered up to 3,000,000 shares of common stock at a fixed price of $8.00 per share to the general public in a self- underwritten, best efforts offering. The S-1 Registration Statement declared effective April 13, 2016 was amended with Post-Effective Amendment No. 1 declared effective August 26, 2016, Post-Effective Amendment No. 2 declared effective August 31, 2016 and Post-Effective Amendment No. 3 declared effective January 17, 2017. This Registration Statement constitutes Post-Effective Amendment No. 4 to the Existing Registration Statement and is primarily being filed to extend the term of the offering and to update, among other things, the Company’s financial statements for the fiscal year ended December 31, 2016 and 2015 and to reflect all sales of the Company’s securities that have been made by the Company under the Existing Registration Statement as of the date hereof. As of March 31, 2017, the Company has sold 605,132 shares under the Existing Registration Statement at a price of $8.00 per share for proceeds of $4,841,056. The information in this prospectus is not complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission becomes effective. This prospectus is not an offer to sell these securities and we are not soliciting offers to buy these securities in any state where the offer or sale is not permitted. PRELIMINARY PROSPECTUS Subject to completion, dated April 12, 2017 2,394,868 shares of Common Stock of XG SCIENCES, INC. This is the initial public offering of common stock of XG Sciences, Inc., and no public market currently exists for the securities being offered. We originally registered for sale a total of 3,000,000 shares of common stock at a fixed price of $8.00 per share to the general public in a self-underwritten, best efforts offering. As of March 31, 2017, we have sold 605,132 shares at $8.00 per share for total proceeds of $4,841,056. Therefore, we are registering the remaining 2,394,868 shares hereunder in this Post-Effective Amendment No. 4 to the Existing Registration Statement. We have and intend to continue to engage the services of non-exclusive sales agents to assist us with selling the shares. We intend to pay a commission fee of up to 8% to each sales agent. Only one sales agent shall receive a commission for each share sold. For additional information please see the “Plan of Distribution”. We estimate our total offering expenses to be approximately $1,400,000, assuming we pay sales agents an 8% commission fee on fifty percent of the shares sold in this offering and dealer managers that introduce other broker dealers to serve as sales agents a 2% commission fee on twenty five percent (25%) of the shares sold in this offering. There is no minimum number of shares that must be sold by us for the offering to proceed, and we will retain the proceeds (net of any sales agent commissions) from the sale of any of the offered shares. The offering shall terminate on the earlier of (i) when the offering period ends (3 years from the effective date of the Existing Registration Statement, or April 13, 2019), (ii) the date when the sale of all of the remaining 2,394,868 shares is completed, and (iii) when our Board of Directors decides that it is in the best interest of the Company to terminate the offering prior to the completion of the sale of all of the shares registered under the Registration Statement of which this prospectus is part. There has been no public market for our securities and a public market may never develop, or, if any market does develop, it may not be sustained. Our common stock is not currently quoted on or traded on any exchange or on any over-the-counter market. After this offering is completed, we intend to seek either (i) a listing of our common stock on a securities exchange registered with the Securities and Exchange Commission (SEC) under Section 6(a) of the Securities Exchange Act of 1934, as amended, such as the NASDAQ Capital Market or the New York Stock Exchange (NYSE), or (ii) the quotation of our common stock on the OTCQB or OTCQX marketplaces operated by OTC Markets Group, Inc. (any of the foregoing generally referred to as a “Qualified National Exchange” and the act of achieving such listing or quotation, generally referred to hereafter as a “Public Listing” in this prospectus). In order to achieve a Public Listing, we will have to meet certain initial listing qualifications of the Qualified National Exchange on which we are seeking the Public Listing. In addition, we will need to have market makers agree to make a market in our common stock and file a FINRA Form 15c211 with the SEC on our behalf before we can achieve a Public Listing, and we will also need to remain current in our quarterly and annual filings with the SEC. There can be no assurance that our common stock will ever be quoted or traded on a Qualified National Exchange or that any market for our common stock will develop. We are an “emerging growth company” as that term is used in the Jumpstart Our Business Startups Act of 2012 and, as such, may elect to comply with certain reduced public company reporting requirements for future filings. Please refer to discussions under “Prospectus Summary” on page 1 and “Risk Factors” on page [13] of how and when we may lose emerging growth company status and the various exemptions that are available to us. Investing in our securities involves a high degree of risk. You should purchase these securities only if you can afford a complete loss of your investment. See the section entitled “Risk Factors” on page 13 of this prospectus and in the documents we filed with the Securities and Exchange Commission that are incorporated in this prospectus by reference for certain risks and uncertainties you should consider. Neither the SEC nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus. Any representation to the contrary is a criminal offense. The date of this prospectus is .
Load more

Recommended publications
  • FTSE Korea 30/18 Capped
    2 FTSE Russell Publications 19 August 2021 FTSE Korea 30/18 Capped Indicative Index Weight Data as at Closing on 30 June 2021 Index weight Index weight Index weight Constituent Country Constituent Country Constituent Country (%) (%) (%) Alteogen 0.19 KOREA Hyundai Engineering & Construction 0.35 KOREA NH Investment & Securities 0.14 KOREA AmoreG 0.15 KOREA Hyundai Glovis 0.32 KOREA NHN 0.07 KOREA Amorepacific Corp 0.65 KOREA Hyundai Heavy Industries 0.29 KOREA Nong Shim 0.08 KOREA Amorepacific Pfd. 0.08 KOREA Hyundai Marine & Fire Insurance 0.13 KOREA OCI 0.17 KOREA BGF Retail 0.09 KOREA Hyundai Merchant Marine 1.02 KOREA Orion 0.21 KOREA BNK Financial Group 0.18 KOREA Hyundai Mipo Dockyard 0.15 KOREA Ottogi 0.06 KOREA Celltrion Healthcare 0.68 KOREA Hyundai Mobis 1.53 KOREA Paradise 0.07 KOREA Celltrion Inc 2.29 KOREA Hyundai Motor 2.74 KOREA Posco 1.85 KOREA Celltrion Pharm 0.24 KOREA Hyundai Motor 2nd Pfd. 0.33 KOREA Posco Chemical 0.32 KOREA Cheil Worldwide 0.14 KOREA Hyundai Motor Pfd. 0.21 KOREA Posco International 0.09 KOREA CJ Cheiljedang 0.3 KOREA Hyundai Steel 0.33 KOREA S1 Corporation 0.13 KOREA CJ CheilJedang Pfd. 0.02 KOREA Hyundai Wia 0.13 KOREA Samsung Biologics 0.92 KOREA CJ Corp 0.11 KOREA Industrial Bank of Korea 0.22 KOREA Samsung C&T 0.94 KOREA CJ ENM 0.15 KOREA Kakao 3.65 KOREA Samsung Card 0.08 KOREA CJ Logistics 0.12 KOREA Kangwon Land 0.23 KOREA Samsung Electro-Mechanics 0.81 KOREA Coway 0.36 KOREA KB Financial Group 1.78 KOREA Samsung Electronics 25.36 KOREA Daewoo Engineering & Construction 0.12 KOREA KCC Corp 0.12 KOREA Samsung Electronics Pfd.
    [Show full text]
  • Global Marketing Firm Transitions to Cloud File Services to Reduce Costs, Improve Agility & Boost Collaboration
    Case Study Case Study: Cheil Worldwide Global Marketing Firm Transitions to Cloud File Services to Reduce Costs, Improve Agility & Boost Collaboration Cheil extends the scale and durability of AWS cloud storage to multiple offices worldwide Cheil Worldwide, a marketing company under the Samsung Group, has 53 offices on five continents. Offering a range of advertising, public relations, digital marketing, and other services, Cheil has compiled a long list of brand-name clients, including Absolut, Adidas, Coca-Cola, and Microsoft. The award-winning agency centers its multi-platform campaigns around ideas that move, and as the digital files representing its creative Executive Summary campaigns have grown in size and complexity, Cheil has been forced to rethink how it stores, protects, and shares unstructured data. Industry: Marketing Global File System: Nasuni The firm’s search for a new platform began with a single location, explains Cheil EHQ Object Storage: Amazon Web (European Headquarters) IT Operations Manager Michael Goral. The London office had Services been relying on traditional NAS storage hardware. But after only six years, the Use Cases: NAS Consolidation; maintenance fees on the hardware had climbed so high that it would have been less Cloud First; File Archive; Cloud expensive to buy an entirely new box. Backup; Cloud Disaster Recovery; Multi-Site File As Cheil and other global marketing agencies work with more 4K and 8K videos, Adobe Collaboration; Digital Creative files, and documents, the volume of files stored is growing rapidly. This growth Transformation; ROBO isn’t predictable at Cheil, either: An office’s file storage needs will expand and contract with its work and the nature of its engagements with clients.
    [Show full text]
  • 10026 S Ubje Ct to a P P Ro V
    DELHI CHARTER TOWNSHIP MINUTES OF REGULAR MEETING HELD ON AUGUST 8, 2018 Delhi Charter Township Board of Trustees met in a regular meeting on Wednesday, August 8, 2018 in the Multipurpose Room at the Community Services Center, 2074 Aurelius Road, Holt, Michigan. Supervisor Hayhoe called the meeting to order at 7:00 p.m. PLEDGE OF ALLEGIANCE ROLL CALL Members Present: Supervisor John Hayhoe, Clerk Evan Hope, Treasurer Roy Sweet, Trustees Stuart Goodrich, Tom Lenard, DiAnne Warfield Members Absent: Trustee Pat Brown COMMENTS FROM THE PUBLIC – None SET/ADJUST AGENDA Hope moved, Goodrich supported, to add Late Agenda Item F under Consent Agenda – Holt Community Arts Council’s Request to Serve Alcohol in Veterans Memorial Gardens. A Voice Poll Vote was recorded as follows: All Ayes Absent: Brown MOTION CARRIED CONSENT AGENDA SUBJECT TO APPROVAL A. Approval of Minutes – Committee Meeting of July 17, 2018 B. Approval of Minutes – Regular Meeting of July 18, 2018 C. Approval of Claims – July 18, 2018 (ATTACHMENT I) D. Approval of Claims – July 31, 2018 (ATTACHMENT II) E. Approval of Payroll – July 26, 2018 (ATTACHMENT III) F. Holt Community Arts Council’s Request to Serve Alcohol in Veterans Memorial Gardens (ATTACHMENT IV) Warfield moved, Goodrich supported, to approve the Consent Agenda as presented. A Voice Poll was recorded as follows: Ayes: Warfield, Goodrich, Hayhoe, Hope, Lenard, Sweet Absent: Brown MOTION CARRIED 10026 DELHI CHARTER TOWNSHIP MINUTES OF REGULAR MEETING HELD ON AUGUST 8, 2018 NEW BUSINESS SPECIAL USE PERMIT NO. 18-286 – 1795 CEDAR STREET - FAIRYTALES DAYCARE – TAX PARCEL #33-25-05-23-251-022 – CHILD CARE CENTER The Board reviewed a memorandum dated July 31, 2018 from Tracy Miller, Director of Community Development (ATTACHMENT V).
    [Show full text]
  • Samsung Heavy Industries
    SHI SUSTAINABILITY REPORT 2015 SAMSUNG HEAVY INDUSTRIES OVERVIEW Message from the CEO Company Profile Management Philosophy Business Introduction Business Operation Process Governance Stakeholder Communication Aspect Boundary Materiality Test 1 Overview Message from the CEO Samsung Heavy Industries, which has shown continuous growth and remarkable development through turning countless adversities into valuable opportunities, now prepares for an even bigger leap forward on the basis of its decisive innovations. Dear Stakeholders, who trust and value Samsung Heavy Industries, Samsung Heavy Industries (hereinafter referred to as SHI), which has successfully executed various projects in shipbuilding and offshore fields since its foundation in 1974, consistently endeavors to reflect the voices of its stakeholders, including clients, subcontractors, employees, and local communities. Moreover, as a global industry leader, SHI is investing much effort in building reliable and eco-friendly ships and offshore production facilities. 2015 has been by far the most difficult business year for SHI due to significant challenges, such as the global economic recession, low oil prices, and a series of trials & errors in executing offshore projects. Despite such difficult conditions, however, SHI employees endeavored to maintain safety and quality as well as comply with delivery schedule by showing concerted commitment and dedication, thereby transforming the crisis into opportunities. th Not only has SHI promoted the importance of safety awareness by announcing January 19 as the official Safety Awareness Day, but it has also received the highest level of recognition in the Safety Assessment Evaluation, conducted by ExxonMobil, for 6 consecutive years. Moreover, SHI significantly improved quality by enforcing its 10 Quality Rule Implementation Check on a weekly basis for flawless delivery.
    [Show full text]
  • USETTS INSTITUTE of TECHNOLOLGY by JUN 2 4 2015 Hye Sung (Hazel) Yang LIBRARIES B.A
    The strategic transformation of advertising agencies in the digital era: ARCHIVES The case of Cheil Worldwide in Korea MASSACHUSETTS INSTITUTE OF TECHNOLOLGY By JUN 2 4 2015 Hye Sung (Hazel) Yang LIBRARIES B.A. French Language and Literature Ewha Womans University, 2005 SUBMITTED TO THE MIT SLOAN SCHOOL OF MANAGEMENT IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTER OF SCIENCE IN MANAGEMENT STUDIES AT THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY JUNE 2015 2015 Hye Sung Yang. All rights reserved. The author hereby grants to MIT permission to reproduce and to distribute publicly paper and electronic copies of this thesis document in whole or in part in any medium now known or hereafter created. Signature of Author: Signature redacted MIT Sloan School of Management May 8, 20 15 Certified By: Signature redacted Juanjuan Zhang Epoch Foundation Professor of International Management 11 Thesis Supervisor Accepted By: _Signature redacted _ Michael A. Cusumano U SMR Distinguished Professor of Management Program Director, M.S. in Management Studies Program MIT Sloan School of Management 2 Page intentionally left blank 3 The strategic transformation of advertising agencies in the digital era: The case of Cheil Worldwide in Korea By Hye Sung (Hazel) Yang Submitted to the MIT Sloan School of Management on May 8, 2015 in partial fulfillment of the requirements for the degree of Master of Science in Management Studies 1. ABSTRACT Cheil Worldwide is the number one marketing and advertising agency in Korea. Throughout its history, it heavily relied on its parent company and major client, Samsung and on traditional media advertising for its revenue.
    [Show full text]
  • Country Report South Korea July 2015
    _________________________________________________________________________________________________________________________________________________________ Country Report South Korea Generated on July 29th 2015 Economist Intelligence Unit 20 Cabot Square London E14 4QW United Kingdom _________________________________________________________________________________________________________________________________________________________ The Economist Intelligence Unit The Economist Intelligence Unit is a specialist publisher serving companies establishing and managing operations across national borders. For 60 years it has been a source of information on business developments, economic and political trends, government regulations and corporate practice worldwide. The Economist Intelligence Unit delivers its information in four ways: through its digital portfolio, where the latest analysis is updated daily; through printed subscription products ranging from newsletters to annual reference works; through research reports; and by organising seminars and presentations. The firm is a member of The Economist Group. London New York Economist Intelligence Unit Economist Intelligence Unit 20 Cabot Square The Economist Group London 750 Third Avenue E14 4QW 5th Floor United Kingdom New York, NY 10017, US Tel: (44.20) 7576 8000 Tel: (1.212) 554 0600 Fax: (44.20) 7576 8500 Fax: (1.212) 586 0248 E-mail: [email protected] E-mail: [email protected] Hong Kong Geneva Economist Intelligence Unit Economist Intelligence Unit 60/F, Central Plaza Rue de l’Athénée 32 18 Harbour Road 1206 Geneva Wanchai Switzerland Hong Kong Tel: (852) 2585 3888 Tel: (41) 22 566 2470 Fax: (852) 2802 7638 Fax: (41) 22 346 93 47 E-mail: [email protected] E-mail: [email protected] This report can be accessed electronically as soon as it is published by visiting store.eiu.com or by contacting a local sales representative. The whole report may be viewed in PDF format, or can be navigated section-by-section by using the HTML links.
    [Show full text]
  • Samsung Electronics
    Earnings Release Q4 2018 Samsung Electronics January 2019 Disclaimer The financial information in this document are consolidated earnings results based on K-IFRS. This document is provided for the convenience of investors only, before the external audit on our Q4 2018 financial results is completed. The audit outcomes may cause some parts of this document to change. This document contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, "forward-looking statements" often address our expected future business and financial performance, and often contain words such as "expects”, "anticipates”, "intends”, "plans”, "believes”, "seeks” or "will ". “Forward-looking statements" by their nature address matters that are, to different degrees, uncertain. For us, particular uncertainties which could adversely or positively affect our future results include: · The behavior of financial markets including fluctuations in exchange rates, interest rates and commodity prices · Strategic actions including dispositions and acquisitions · Unanticipated dramatic developments in our major businesses including CE (Consumer Electronics), IM (IT & Mobile communications), DS (Device Solutions) · Numerous other matters at the national and international levels which could affect our future results These uncertainties may cause our actual results to be materially different from those expressed in this document. Income Statement (Unit: KRW Trillion) 4Q ’18 % of sales 4Q ’17 % of sales 3Q ’18 FY ’18 % of sales
    [Show full text]
  • Chaebols): Resource-Based and Institutional Perspectives on the Causes of Diversification
    Diversification Strategies and the Formation of Korean Big Business Groups (Chaebols): Resource-based and Institutional Perspectives on the Causes of Diversification Jaeyong Song and Dong-Sung Cho Discussion Paper No.9 Jaeyong Song Dong-Sung Cho Assistant Professor of Management Professor of Management Columbia Business School School of Business Administration Seoul National University Discussion Paper Series APEC Study Center Columbia University In the 1990s, probably no other firms in emerging economies have drawn more attention than Korean big business groups, or “chaebols.” When Korea emerged as a new industrial power, boasting the 11th largest economy in the world in 1996, chaebols were praised as drivers of this unprecedented, rapid economic growth. In recent years, the chaebols’ dramatic international expansion often made headlines in business magazines and newspapers all over the world. Thanks to the chaebols’ explosive foreign investments, Korea numbered among the largest foreign investors in many countries, including the United Kingdom. Impressed by this rapid expansion in overseas markets, particularly in high-tech industries such as semiconductors, Business Week (1995a) featured a cover story and analyzing the chaebols’ “success formula.” Moreover, emerging or transition economies such as China and Russia attempted to adopt a Korean economic development model based on chaebols, encouraging their own large firms to become chaebol-like diversified business groups (Business Week, 1995b; Economist, 1997). Some scholars supported such efforts to imitate Korean-style big business groups, praising chaebols as a new organizational form (Orru, Biggart, and Hamilton, 1991). Others lauded the chaebol as a legendary success story (Khanna and Palepu, 1997), some arguing that they were more appropriate than focused firms for late industrializing economies (Amsden, 1997).
    [Show full text]
  • Samsung Electronics Co., Ltd. and Its Subsidiaries NOTES
    Samsung Electronics Co., Ltd. and its Subsidiaries NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS 1. General Information 1.1 Company Overview Samsung Electronics Co., Ltd. (“SEC”) was incorporated under the laws of the Republic of Korea in 1969 and listed its shares on the Korea Stock Exchange in 1975. SEC and its subsidiaries (collectively referred to as the “Company”) operate four business divisions: Consumer Electronics (“CE”), Information technology & Mobile communications (“IM”), Device Solutions (“DS”) and Harman. The CE division includes digital TVs, monitors, air conditioners and refrigerators and the IM division includes mobile phones, communication systems, and computers. The DS division includes products such as Memory, Foundry and System LSI in the semiconductor business (“Semiconductor”), and LCD and OLED panels in the display business (“DP”). The Harman division includes connected car systems, audio and visual products, enterprise automation solutions and connected services. The Company is domiciled in the Republic of Korea and the address of its registered office is Suwon, the Republic of Korea. These interim consolidated financial statements have been prepared in accordance with Korean International Financial Reporting Standards (“Korean IFRS”) 1110, Consolidated Financial Statements. SEC, as the controlling company, consolidates its 252 subsidiaries including Samsung Display and Samsung Electronics America. The Company also applies the equity method of accounting for its 46 associates and joint ventures, including
    [Show full text]
  • Samsung Leader Jay Y Lee Indicted on Allegations Concerning 2015 Merger Prosecutors Allege Accounting Fraud in Succession-Linked Deal
    Established 1961 9 Wednesday, September 2, 2020 Business Samsung leader Jay Y Lee indicted on allegations concerning 2015 merger Prosecutors allege accounting fraud in succession-linked deal SEOUL: South Korean prosecutors indicted the heir to the country’s economic health. The firm saw prof- to the Samsung empire yesterday over a controver- its rise in April-July with data centers moving to sial merger of two business units seen as a key step stockpile its DRAM chips to meet surging demand towards his succession, in the latest legal blow to for online activities as a result of global lockdowns. the sprawling conglomerate. But the South’s economy shrank 3.2 percent year- Lee Jae-yong, vice chairman of Samsung on-year in the same period, according to a revised Electronics, committed stock manipulation, breach estimate by the central Bank of Korea yesterday. of trust and other offences when two other sub- Samsung Electronics declined to comment on yes- sidiaries, Samsung C&T and Cheil Industries, terday’s charges, referring inquiries to Lee’s legal merged in 2015, the prosecutors said. Ten other team, who did not immediately issue a statement. current and former top Samsung executives were also charged. ‘Cloud of uncertainty’ Lee and his subordinates had carried out “a sys- Chaebol families often have only a small owner- temic scheme to take control of the Samsung Group ship stake in their empires, but maintain control with the least cost”, said the prosecution, by through complex webs of cross-shareholdings deploying “various unfair between units. Lee was transactions” that dam- the largest shareholder in aged other shareholders’ Cheil Industries, and crit- interests.
    [Show full text]
  • Perspectives on Retail and Consumer Goods
    Perspectives on retail and consumer goods Number 4, Autumn 2015 Perspectives on retail and Editor McKinsey Practice consumer goods is written by Monica Toriello Publications experts and practitioners in McKinsey & Company’s Retail Contributing Editor Editor-in-Chief and Consumer Packaged Caitlin Gallagher Lucia Rahilly Goods practices, along with other McKinsey colleagues. Art Direction and Design Executive Editors Hil Albuquerque, Nicole Michael T. Borruso, Allan Gold, To send comments or request Esquerre Bill Javetski, Mark Staples copies, e-mail us: Consumer_ [email protected] Editorial Production Copyright © 2015 McKinsey & Runa Arora, Elizabeth Company. All rights reserved. Editorial Board Brown, Heather Byer, Klaus Behrenbeck, Peter Torea Frey, Heather Gross, This publication is not intended Breuer, Peter Child, Sandrine Katya Petriwsky, John C. to be used as the basis for Devillard, Dennis Martinis, Sanchez, Dana Sand, trading in the shares of any Jørgen Rugholm, Frank Sneha Vats company or for undertaking Sänger, Tobias Wachinger, any other complex or significant Anja Weissgerber Managing Editors financial transaction without Michael T. Borruso, Venetia consulting appropriate Senior Content Manager Simcock professional advisers. Tobias Wachinger Cover Illustration No part of this publication may Project and Content Keiko Morimoto be copied or redistributed Manager in any form without the prior Anja Weissgerber written consent of McKinsey & Company. Table of contents 4 12 16 28 Modern grocery and Amazon China’s president Winning in Africa’s Becoming a regional the emerging-market on ‘transformative’ consumer market powerhouse in food consumer: A complicated technologies For consumer-goods retailing courtship Doug Gurr reflects on how companies, Africa holds Croatian conglomerate In some emerging markets, China differs from Western much promise—but also Agrokor is the top grocery the response to modern markets and what role data many pitfalls.
    [Show full text]
  • Barings Korea Trust
    Barings Korea Trust Annual Report & Audited Financial Statements for the year ended 30 April 2019 Table of Contents Page Management and professional service details* 3 Introduction* 4 Investment objective and policy* 4 Constitution* 5 Regulatory disclosure* 5 General information for overseas investors (Austria, France, Germany, Sweden and Switzerland) 9 Trust information 12 Report of the Investment Manager* 14 Responsibilities of the Manager 16 Statement of the Trustee’s Responsibilities and Report of the Trustee to the Unitholders 16 Directors’ statement 18 Portfolio statement* 19 Independent Auditors’ report to the unitholders of Barings Korea Trust 22 Statement of total return 24 Statement of change in net assets attributable to unitholders 24 Balance sheet 25 Notes to the financial statements 26 Distribution tables 38 * Collectively, these comprise the Manager’s report. 2 Management and professional service details* Manager Baring Fund Managers Limited Authorised and regulated by the Financial Conduct Authority (“FCA”). Investment Manager* Baring Asset Management Limited 20 Old Bailey London, EC4M 7BF Authorised and regulated by the FCA. Sub-Investment Manager Barings Asset Management (Asia) Limited 35th Floor, Gloucester Tower 15 Queen's Road Central Hong Kong Directors J. Armstrong (non-executive) (Appointed to the Board on 22 May 2019 (subject to FCA approval)) C. Biggins (Resigned from the Board on 11 January 2019) E. Browning (Appointed to the Board on 22 January 2019) B. Greene (Resigned from the Board on 23 May 2019) R. Kent (Appointed to the Board on 9 April 2019) J. Swayne K. Troup (non-executive) (Appointed to the Board on 22 May 2019) Registered Office* 20 Old Bailey London, EC4M 7BF Trustee* NatWest Trustee and Depositary Services Limited 250 Bishopsgate London, EC2M 4AA Authorised by the Prudential Regulation Authority (“PRA”) and regulated by the FCA and PRA.
    [Show full text]