Latest news with #Hoban
Korea Herald
14-05-2025
- Business
- Korea Herald
Hoban tightens grip on Hanjin KAL, reigniting talk of power struggle
Hanjin shares surge nearly 30% amid speculation of looming proxy fight Korean construction giant Hoban Group has raised its stake in Hanjin KAL, the holding company of Korean Air parent Hanjin Group, to over 18 percent, stoking speculation of a looming power struggle as it closes in on the largest shareholder bloc led by the group's chairman. In a regulatory filing on Monday, Hoban Construction, the group's construction arm, disclosed that its stake in Hanjin KAL had climbed to 18.46 percent from 17.44 percent. The additional shares were acquired over the past year through Hoban affiliates, complementing Hoban Construction's existing 11.5 percent stake. Hoban Hotel & Resort purchased 0.96 percent of Hanjin KAL, bringing its holding to 6.81 percent, while Hoban Co. lifted its stake to 0.15 percent. The increase puts Hoban just shy of the 20.13 percent held by Hanjin Group Chair and CEO Walter Cho and his allies, including his family members. Cho's individual stake amounts to 5.78 percent. Hoban became the airline group's second-largest shareholder in 2022 after acquiring a stake from private equity fund KCGI. In 2023, it added another 5.85 percent by purchasing shares from Korean top bulk carrier Pan Ocean. Despite Hoban's insistence that the acquisition is purely a financial investment, market insiders have taken note of signs pointing to a looming power play in aviation. 'Hanjin KAL may have friendly backing, but Hoban's expanding presence is hard to ignore,' said one industry official. In 2015, Hoban made an unsuccessful bid to acquire Kumho Industrial, then the parent company of Asiana Airlines, after taking a 5.16 percent stake the previous year. At the time, it dismissed takeover concerns, framing the move as a simple investment. A potential sign of discord surfaced at Hanjin KAL's shareholder meeting in March, when Hoban Construction voted against a proposal to raise the cap on directors' compensation from 9 billion won ($6.4 million) to 12 billion won. The company said it intends to speak up as a major shareholder to ensure that management decisions are made appropriately. With Hoban trailing closely behind, however, Chair Cho appears to have broader support. US-based Delta Air Lines holds 14.9 percent and plays a key role as Korean Air's joint venture partner. Earlier this month, the two carriers deepened their alliance by acquiring stakes in WestJet, Canada's second-largest airline. Korean Air took 10 percent, while Delta secured 15 percent. State-run Korea Development Bank, which owns 10.58 percent, is also seen as friendly to Cho's side, having backed Cho in the Korean Air-Asiana Airlines merger. In 2020, KDB purchased approximately 500 billion won worth of Hanjin KAL common shares through a third-party allotment and acquired 300 billion won in exchangeable bonds backed by Korean Air stock. The prospect of a power struggle jolted the market into swift motion. Shares of Hanjin KAL soared, hitting the daily upper limit for two consecutive days. The stock surged by 29.94 percent, reaching 150,600 won on Wednesday and extending a sharp rally from Tuesday's close of 115,900 won. Its preferred shares also reached the daily ceiling.
Sydney Morning Herald
27-04-2025
- Sydney Morning Herald
Sydney police officer charged with making false complaints against other cops
A Sydney police officer has been accused of making false domestic violence complaints against colleagues and misusing Crime Stoppers. Police seized several electronic devices from the home of 25-year-old Jemma Hoban, a serving NSW police officer with the South West Metropolitan Region, during a raid on her Campbelltown home on November 29 last year. Two months earlier, officers attached to the Professional Standards Command (PSC) had established Strike Force Potsdam to investigate reports of alleged false complaints made by Hoban. The PSC is a specialist command that is responsible for setting standards for performance, conduct and integrity within NSW Police. Following further investigations and forensic examinations of Hoban's devices, police served her a court attendance notice on Thursday. They charged her with knowingly providing false or misleading information regarding police conduct. Loading According to police sources not authorised to speak publicly, Hoban allegedly put in false complaints against fellow cops, including domestic violence allegations, and misused Crime Stoppers. Police said in a statement that Hoban's employment status is under review. Under the Police Act 1990, knowingly making a false complaint or giving false or misleading information during the investigation of a complaint is punishable by up to one year in jail.
The Age
27-04-2025
- The Age
Sydney police officer charged with making false complaints against other cops
A Sydney police officer has been accused of making false domestic violence complaints against colleagues and misusing Crime Stoppers. Police seized several electronic devices from the home of 25-year-old Jemma Hoban, a serving NSW police officer with the South West Metropolitan Region, during a raid on her Campbelltown home on November 29 last year. Two months earlier, officers attached to the Professional Standards Command (PSC) had established Strike Force Potsdam to investigate reports of alleged false complaints made by Hoban. The PSC is a specialist command that is responsible for setting standards for performance, conduct and integrity within NSW Police. Following further investigations and forensic examinations of Hoban's devices, police served her a court attendance notice on Thursday. They charged her with knowingly providing false or misleading information regarding police conduct. Loading According to police sources not authorised to speak publicly, Hoban allegedly put in false complaints against fellow cops, including domestic violence allegations, and misused Crime Stoppers. Police said in a statement that Hoban's employment status is under review. Under the Police Act 1990, knowingly making a false complaint or giving false or misleading information during the investigation of a complaint is punishable by up to one year in jail.
Yahoo
22-04-2025
- Sport
- Yahoo
Barry Hoban obituary
Barry Hoban during the third stage of the Tour de France, 1968. Photograph: AgenceBarry Hoban, who has died aged 85, was one of the first generation of British cyclists to make a mark in European professional cycling, a prolific sprint winner whose UK record of eight stage wins in the Tour de France stood for 34 years until the greatest sprinter of them all, Mark Cavendish, reached his peak. His record of 11 Tour finishes from 12 starts stood until 2024 when it was eclipsed by Geraint Thomas. Advertisement Hoban's life was intimately entwined with that of the British star Tom Simpson, who died on the Tour in 1967; like Simpson he was based in Ghent, in Belgium, he married Simpson's widow Helen, and the complex resonances of Simpson's tragic demise remained with the couple decades later. Hoban was more than just a sprinter when it came to racing. He was a clear-headed tactician – lucide, as the French cycling slang has it – and had a photographic memory for race locations. He was a natural for cycling's one-day classics, where tactical nous and knowledge of the race routes is a sine qua non. His best classic performance, a win in the 1974 Ghent-Wevelgem ahead of Roger de Vlaeminck and Eddy Merckx, has never been equalled by a Briton, nor has his 1966 win in the GP Frankfurt. Barry was born into a mining family in Wakefield, West Yorkshire, one of five children, and followed his father Paddy – a bricklayer in the local colliery – down the pit, after leaving school aged 15. The family were Catholic, which, Hoban said later, set them apart somewhat. He used his father's old kit to begin racing with the local Calder Clarion cycling club, and by the age of 17 he had begun to model himself on Simpson, his senior by two years; he raced for Great Britain at the 1960 Rome Olympics and then moved to northern France to race as an independent – the now defunct category halfway between professional and amateur. Thirty five race wins in two years earned him a place in the Mercier team, led by Raymond Poulidor. In his first professional season, 1964, Hoban set himself a target: to make £1,000. He showed early promise, taking two stage wins in two days in the Tour of Spain and then came within a few yards of winning a Tour de France stage at Bordeaux. In a more enlightened team that might have earned him preferential treatment, but the Mercier manager Antonin Magne had eyes only for Poulidor. Advertisement Hoban did not consider his first Tour stage win a real victory; it came the day after Simpson's death on Mont Ventoux, when the senior riders in the peloton decreed that a British teammate of 'Major Tom' should cross the line first. The precise circumstances of the stage were still being argued over 40 years later; one of the 'heads', Jean Stablinski, told me the agreement had been for Vin Denson, Simpson's closest friend, to take the win, but it was Hoban who rode away, and, as their team mate Arthur Metcalfe related before his death: 'Vin wasn't in a fit state [emotionally] to do it. Barry was a young, ambitious pro, and obviously a win is a win.' A year later, Hoban took the Tour stage he really wanted: a solo victory in the Alps at Sallanches after a 75-mile escape through the Alps; among the prizes was a cow named Estelle. His tactical cunning and lucidité won him back to back stages in 1969, after he had the nous to forge brief circumstantial alliances with other riders in breakaways, and his sprint did the rest. His tactical acumen contributed to his stage wins at Versailles in 1973, where he was the only sprinter to read a technical finish correctly, and at Montpellier in 1974, where he was the one who recalled a corner 350m from the line. His final stage win, in 1975, at Bordeaux, came on one of the last occasions a Tour stage finished on a banked velodrome and relied on the track craft initially honed on cinder and grass tracks in Yorkshire 20 years earlier. If Hoban ended his career with any regrets, they centred on relations with the cycling establishment in the UK. He never saw eye to eye with the small group of racers who then made a living racing the domestic calendar; in 1979, he was involved in a controversial finish to the UK national championship, when he was disqualified after judges ruled he had sprinted improperly against the best domestic racer of the time, Sid Barras. Hoban's application to become national coach was turned down, and he – rightly – felt he never achieved the recognition his achievements deserved. Hoban took his last European win in a stage of the Four Days of Dunkirk in 1978, beating the best sprinter of the time, Freddy Maertens after having the foresight to fit a larger gear than usual for a tailwind finish. He completed his final Tour that year aged 38, and retired in 1980 after 19 seasons racing full-time, the last for the Falcon team in the UK; he later moved to Newton, Powys, to work for a bike-maker producing Barry Hoban bikes. To emphasise the Simpson connection, a portrait of his former friend and rival hung in the reception area. He is survived by Helen, their daughter Daniella, his stepdaughters Jane and Joanne Simpson, and a brother and sister. • Barry Hoban, professional cyclist, born 5 February 1940; died 20 April 2025
The Guardian
22-04-2025
- Sport
- The Guardian
Barry Hoban obituary
Barry Hoban, who has died aged 85, was one of the first generation of British cyclists to make a mark in European professional cycling, a prolific sprint winner whose UK record of eight stage wins in the Tour de France stood for 34 years until the greatest sprinter of them all, Mark Cavendish, reached his peak. His record of 11 Tour finishes from 12 starts stood until 2024 when it was eclipsed by Geraint Thomas. Hoban's life was intimately entwined with that of the British star Tom Simpson, who died on the Tour in 1967; like Simpson he was based in Ghent, in Belgium, he married Simpson's widow Helen, and the complex resonances of Simpson's tragic demise remained with the couple decades later. Hoban was more than just a sprinter when it came to racing. He was a clear-headed tactician – lucide, as the French cycling slang has it – and had a photographic memory for race locations. He was a natural for cycling's one-day classics, where tactical nous and knowledge of the race routes is a sine qua non. His best classic performance, a win in the 1974 Ghent-Wevelgem ahead of Roger de Vlaeminck and Eddy Merckx, has never been equalled by a Briton, nor has his 1966 win in the GP Frankfurt. Barry was born into a mining family in Wakefield, West Yorkshire, one of five children, and followed his father Paddy – a bricklayer in the local colliery – down the pit, after leaving school aged 15. The family were Catholic, which, Hoban said later, set them apart somewhat. He used his father's old kit to begin racing with the local Calder Clarion cycling club, and by the age of 17 he had begun to model himself on Simpson, his senior by two years; he raced for Great Britain at the 1960 Rome Olympics and then moved to northern France to race as an independent – the now defunct category halfway between professional and amateur. Thirty five race wins in two years earned him a place in the Mercier team, led by Raymond Poulidor. In his first professional season, 1964, Hoban set himself a target: to make £1,000. He showed early promise, taking two stage wins in two days in the Tour of Spain and then came within a few yards of winning a Tour de France stage at Bordeaux. In a more enlightened team that might have earned him preferential treatment, but the Mercier manager Antonin Magne had eyes only for Poulidor. Hoban did not consider his first Tour stage win a real victory; it came the day after Simpson's death on Mont Ventoux, when the senior riders in the peloton decreed that a British teammate of 'Major Tom' should cross the line first. The precise circumstances of the stage were still being argued over 40 years later; one of the 'heads', Jean Stablinski, told me the agreement had been for Vin Denson, Simpson's closest friend, to take the win, but it was Hoban who rode away, and, as their team mate Arthur Metcalfe related before his death: 'Vin wasn't in a fit state [emotionally] to do it. Barry was a young, ambitious pro, and obviously a win is a win.' A year later, Hoban took the Tour stage he really wanted: a solo victory in the Alps at Sallanches after a 75-mile escape through the Alps; among the prizes was a cow named Estelle. His tactical cunning and lucidité won him back to back stages in 1969, after he had the nous to forge brief circumstantial alliances with other riders in breakaways, and his sprint did the rest. His tactical acumen contributed to his stage wins at Versailles in 1973, where he was the only sprinter to read a technical finish correctly, and at Montpellier in 1974, where he was the one who recalled a corner 350m from the line. His final stage win, in 1975, at Bordeaux, came on one of the last occasions a Tour stage finished on a banked velodrome and relied on the track craft initially honed on cinder and grass tracks in Yorkshire 20 years earlier. If Hoban ended his career with any regrets, they centred on relations with the cycling establishment in the UK. He never saw eye to eye with the small group of racers who then made a living racing the domestic calendar; in 1979, he was involved in a controversial finish to the UK national championship, when he was disqualified after judges ruled he had sprinted improperly against the best domestic racer of the time, Sid Barras. Hoban's application to become national coach was turned down, and he – rightly – felt he never achieved the recognition his achievements deserved. Hoban took his last European win in a stage of the Four Days of Dunkirk in 1978, beating the best sprinter of the time, Freddy Maertens after having the foresight to fit a larger gear than usual for a tailwind finish. He completed his final Tour that year aged 38, and retired in 1980 after 19 seasons racing full-time, the last for the Falcon team in the UK; he later moved to Newton, Powys, to work for a bike-maker producing Barry Hoban bikes. To emphasise the Simpson connection, a portrait of his former friend and rival hung in the reception area. He is survived by Helen, their daughter Daniella, his stepdaughters Jane and Joanne Simpson, and a brother and sister. Barry Hoban, professional cyclist, born 5 February 1940; died 20 April 2025
