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Tuesday, February 5, 2013

RPT-Market Chatter-Corporate finance press digest, (NYSE: KT)

The following corporate finance-related stories were reported by media on Tuesday:* The Osaka Securities Exchange is investigating how Universal Entertainment Corp accounted for millions of dollars paid in 2010 to advance the Japanese firm's casino project on Manila Bay, people with direct knowledge of the inquiry said.* South Korean telecoms company KT Corp has joined the competition to purchase Vivendi's 53 percent stake in Maroc Telecom, lining up banks to advise on a deal potentially worth over $6 billion, two people familiar with the situation said.

KT Corporation a Korean-based company engaged in the provision of integrated telecommunications services. Shares of KT traded higher by 1.64% or $0.28/share to $17.33. In the past year, the shares have traded as low as $11.64 and as high as $18.23. On average, 821190 shares of KT exchange hands on a given day and today's volume is recorded at 865278.