[Korea gimmingyeong financial newspaper reporter] Hanwha General Insurance embarked on a gwonjabon be expanded to strengthen the financial regulatory authorities, conscious of the RBC.
Announced a shareholders' meeting be held next month, and 27 days notice fiddling Hanwha has assumed the Articles of Incorporation to change the agenda to increase the number of shares from 200 million shares to 300 million shares gwonjabon.
Gwonjabon refers to the number of shares or the total jugeum to increase the Board of Directors authorized a new share issue is described in the articles of association require shareholders' approval.
Hanwha is've been fiddling 1 billion issued shares of 21.69 million shares already issued state capacity of approximately 80 million shares (par value of 400 billion won criterion) remains. But ahead of the IFRS17 reportedly introduced in 2021 as part of a capital raising to expand the scope in case if the pace to strengthen the financial regulatory authorities Spiral RBC this year.
Behind these moves is the seat of Hanwha Insurance and recapitalization issues emerged throughout the insurance industry. Insurers should align to the expanding regulatory authorities, strengthen financial liability duration is released in preparation for release in the first half of this year IFRS17 gijunan.
Hanwha fiddling especially the end of last year, RBC (solvency ratio) is transmitted to the Financial Supervisory Service recommended level situations that require additional recapitalization close to 150% While some view was also out that "the impending capital increase will ahninya.
Hanwha Insurance officials about this, there is no immediate plan to increase 'shareholder meeting is usually held once a year because it will increase the range of this opportunity "said he said.
Following the last Hanwha fiddling 2011 to June 2012, it issued the subordinated debt of 90 billion won was expanding scale of capital. 2013 was forced to end capital increase of 157.08 billion won scale, even though the issue price of less than par value, issued in June last year subordinated debt of 1280 billion. The count of more than 410 billion won in 2010 after the recapitalization yirwojin.
Most insurance companies will raise capital, except for Samsung F & M as a common issue in the insurance industry have been filled with treasures such as subordinated debt issued by way of rights issue or. Dongbu recently conducted a one-year results presentation (IR) 2016 also, in case the RBC ratio declined due to interest rate hikes are considering issuing subordinated bonds "and has said.
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