Doosan Bobcat unveils massive corporate value-up plans, hikes TSR ratio

Q: How long will it take to read this news story?

The story "Doosan Bobcat unveils massive corporate value-up plans, hikes TSR ratio" has 667 words across 32 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Doosan Bobcat unveils massive corporate value-up plans, hikes TSR ratio" was covered 5 hours ago by Korea Economic Daily, a news publisher based in South Korea.

Q: How trustworthy is 'Korea Economic Daily' news outlet?

Korea Economic Daily is a fully independent (privately-owned) news outlet established in 1964 that covers mostly economy news. The outlet is headquartered in South Korea and publishes an average of 9 news stories per day. It's most recent story was published ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #24482758</li><li>URL: https://beamstart.com/news/doosan-bobcat-unveils-massive-corporate-1734402027</li></ul>

Korea Economic Daily Logo Korea Economic Daily 5h ago

Doosan Bobcat unveils massive corporate value-up plans, hikes TSR ratio - Korea Economic Daily

Quick Summary:

A minority shareholder of Doosan Bobcat with a 1% stake in the machinery maker, Align Partners sent a letter to Doosan Bobcat’s management requesting to increase shareholder returns, including higher dividends, and sell non-core assets.In July, Doosan Corp.the conglomerate’s holding company, pushed for corporate restructuring that involved Doosan Enerbility, a power plant engineering affiliate, handing over its entire 46.06% stake in Doosan Bobcat, a group cash cow, to loss-making Doosan Robotics.

Doosan Bobcat Inc., a global construction machinery maker owned by South Korea’s Doosan Group, has unveiled massive corporate value-up measures, including a higher shareholder return ratio, a more frequent dividend payout and a share buyback and cancellation.

Doosan Bobcat on Monday announced plans to raise its total shareholder return (TSR) ratio and dividends to industry-leading levels and buy back treasury shares worth 200 billion won ($139 million) for cancellation.