And [South Korea financial newspapers around the lower cervical News] Choi Yun fro Services Group President accelerate the comprehensive financial group movement. Showing aggressive moves such as presenting the best in the past M & A market showed a modest pace iteoseoda. If the acquisition is the first sacrament of the lenders based on a comprehensive financial company group is born. Rush and becoming the collection of interest you want to cache the high interest rate loan center Choi Yun Chairman as to acquire the OK Savings Bank, Korea Citigroup Capital based on a growing base occupied a unique position in the ordinary financial markets succeeded in securities argument become a comprehensive financial group .
According to the IB industry and the financial industry, Afro-services group was presented to the highest prices of February to submit a mid-price for 500 billion won in the Best Investment preliminary tender participants. Where are determined to be eligible acquisition candidate is known as the four service groups such as Afro, China CITIC Group and Taiwan Group pubon other private equity funds. Pubon group has been raised is difficult to lay the argument to the issue Saad is a qualifying acquisition candidates names were domestic securities acquired interests greatly reduced, but the Chinese CITIC Group raised funds observations. The Best Investment is the majority shareholder in LS Networks became known to want more than 500 billion won maegakga is expected that the acquisition of securities Choi Yun President advantageous.
In addition to brokerage services aprotinin group was involved in the current modern asset management, modern savings bank bid came for sale. Afro-service group has been involved in last year's sale of contemporary Savings Bank. Afro-service groups are already weighing the opinions silrigo OK detractors will not focus on savings banks, OK capitalists, etc. It holds two financial securities companies, asset management companies acquired.
Given the pace of the past president Choi Yun This time, it is observed that the industry aggressively. Meanwhile, Choi Yun President several times, but the companies involved in mergers acquisitions market, through big bets' was avoided.
LIG Investment & Securities insujeon time to participate in the 2015 preliminary bidding, but participation in bonipchal gave up participating. In 2016 he participated in Leading Investment & Securities preliminary bid, or the acquisition area, but drank gobae in bonipchal. Since even it threw Chu Shi Biao Khan Saskatchewan Asset Sale bonipchal with DGB Financial Group. Meanwhile, in addition to brokerage services group Afro was very involved in the bid last year, Hyundai Capital Savings Bank started to sell the thing I most affiliates Rush & Cash Afro-services group with principal. Afro-services group said, "are scrambling to steady M & A market study on the level as must continue to explore new foods," he said.
It is interpreted as earnest and acquisitions at this point that the best bet is in progress at the Best Investment insujeon.
Comprehensive Financial Group Chairman Choi Yun's move began in earnest last year. June chairman Choi Yun last year had registered a business name 'OK Securities "in the Patent and Trademark Office. The financial officer who was also recruited en masse, to build a professional management systems.
In June last year appointed former life, one representative giminhwan to Afro-Service Group Vice President Capital OK (formerly Citibank Korea Capital) CEO. Kim, vice president, leading the OK Capital oversees a group of Afro-service domestic business. The gimhongdal a former vice president of Woori Financial Institute in overseas business executives with general giminhwan Vice hired. Gimhongdal vice president is currently focusing on overseas business overall. In particular, he hired Mr. Kim Uiwon rough Kiwoom, Kyobo Securities Structured Finance Team as Director of IB. OK Savings Bank last July daepyojik Choi Yun had been Chairman Adjunct has built a professional management system to appoint a representative Jeong Gilho.
Afro-Service Group "was to start over a responsible management by professional managers within the group rather than outside experts through this internal promotion personnel," he said.
Afro-Service Group in the retail savings bank with OK, OK capitalists focused corporate finance and leasing installments division and becoming an increasing financial market. OK Savings Bank has assets rank high in the third quarter of last year, based on assets 3.4317 trillion won in the first place savings bank industry assets of 5 trillion SBI Savings Bank. Capital is 331.4 billion won. Capital assets are OK last year has focused on the chopper 1.18 trillion won, and operating profit recorded 251 billion won and 20.9 billion won in net income, boudoir. Rush cache and loans, etc. In fact, going beyond the savings banks to the OK state is OK Savings Bank is a retail focal point within the group. When underwriting the sacraments seems to play a role that complements the investment and corporate banking division of Rush and cache OK and savings banks. We expect the future when the best investment securities acquired in the Afro-Services Group will spare no full support to grow their market dominance.
But even if it succeeds in the bid it remains the obstacle of financial authority approval. The lenders rush and background cache could be acquired OK Savings Bank, the observation was possible to recognize and accepted the conditions of Rush and reduced cache assets of savings banks to rectify the situation first iteoseoda out.
Banking official said, "We view prevails that the border area extended from the monetary authorities of the lenders will not be easy argument."
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