advances

NCAA tournament: UCLA fends off Central Florida and advances

After missing its first seven shots, UCLA finally started to click in its NCAA tournament opener against Central Florida on Friday night. The Bruins shook off their early jitters by hitting their next eight shots to quickly build a 13-point lead midway through the half.

From there, the seventh-seeded Bruins, playing without leading scorer Tyler Bilodeau, held off No. 10 Central Florida’s second half comeback bid in a 75-71 win.

UCLA will play the winner of No. 2 Connecticut vs. No. 15 Furman on Sunday in the second round.

With Bilodeau out because of a sprained knee he sustained in the Big Ten tournament, 6-foot-8 guard Eric Dailey Jr. led the way with 20 points, five rebounds and two blocks. Xavier Booker, starting in place of Bilodeau, added 15 points and eight rebounds. Trent Perry also scored 15 points and Donovan Dent scored 10. Jordan Burks and Riley Kugel topped the Knights with 22 and 13 points, respectively.

After a late UCF flurry cut a 14-point Bruins’ lead to 35-27 at the half, UCLA went back to work in the second half, with a Booker jumper helping UCLA take a 46-32 lead. But Central Florida wasn’t giving up.

The Knights responded with an 11-0 run, knocking down three from beyond the arc, making it a one possession game, 46-43.

That was as close as UCF got until the final seconds. A three-pointer by Burks with 10 seconds left made it a three-point score again. Perry then made two free throws before Themus Fulks quickly scored on a driving layup. Skyy Clark, who lost part of a tooth earlier in the second half while battling for a loose ball, then made one of two free throws in the final seconds to secure the win.

UCLA's Trent Perry, left, shoots over Central Florida's Themus Fulks during the first half Friday.

UCLA’s Trent Perry, left, shoots over Central Florida’s Themus Fulks during the first half Friday.

(Matt Slocum / Associated Press)

Source link

S. Korea panel advances bill to require cancellation of repurchased shares

Kim Yong-min, chair of the Legislation and Judiciary Committee’s Bill Review Subcommittee No. 1, opens a meeting at the National Assembly in Seoul on Feb. 20 to review a proposed amendment to the Pardon Act. Photo by Yonhap News Agency

Feb. 20 (Asia Today) — A National Assembly subcommittee on Thursday approved a third revision to South Korea’s Commercial Act that would in principle require listed companies to cancel repurchased shares within a year, shifting key decisions from boards to shareholders.

The bill cleared the Legislation and Judiciary Committee’s Bill Review Subcommittee No. 1. It sets a one-year deadline for canceling newly acquired buyback shares and gives companies six months to comply for company-held shares already on their books.

Rep. Oh Ki-hyung of the Democratic Party told reporters the core change is requiring companies to decide their shares-held-in-treasury disposal plans at an annual shareholders meeting rather than leaving the matter to boards.

He said directors could face administrative fines of up to 50 million won ($34,500) if the company fails to cancel the shares within the required period.

Oh said the measure is not an unconditional mandate to cancel repurchased shares, arguing that companies could keep them for extended periods if they obtain approval from shareholders.

The revision also adds language allowing boards to pass resolutions on capital-reduction procedures when buyback shares acquired for specific purposes are canceled, lawmakers said.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260220010006176

Source link