KB Securities, 6th Modern Asset Sale Announcement ... Samjeong the Sponsor KPMG

[Korea goyounghun financial newspaper reporter] KB securities after the sale also sets out the asset management subsidiary of contemporary modern Savings Bank.

According to the financial industry, 6 days KB Investment & Securities found a modern day asset management mergers sale announcement. Sold 6 million shares corresponding to 100% of the outstanding shares of Hyundai Investment Management in public competitive bidding and sale organizers are Samjung KPMG accounting firm.

KB Securities business area after consolidation of two subsidiaries due to duplicate been considering a treatment plan. Do not hold the advantage after the measures incorporated in the KB Financial Group, eventually took direction from the sale.

Modern and contemporary Asset Management Savings Bank is a wholly owned subsidiary of Hyundai Securities Securities KB predecessor. As to the argument that Hyundai Securities, KB Financial Group, these companies were incorporated into the company grandchildren.

KB Securities will be selected among the eligible bids submitted by potential investors the LOI. The last 2 days has sold the bar to embellish the announcement of a modern savings bank.

Established in 2008, Hyundai Asset Management is based on total assets of 32.1 billion won the end of 2015, capital scale is 30 billion won. In 2015, 12.3 billion won operating revenue, operating profit of 3 billion won in net income was achieved 23 billion.



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