(Photo= Yonhap news)

 

[Alpha Biz= Reporter Kim Sangjin] Meritz Financial Group is planning to provide 3 trillion won in support to M Capital.

According to the financial investment industry on the 30th, Meritz Financial Group plans to provide an additional 2 trillion won in support to M Capital, following an initial 1 trillion won provided on the 28th to address temporary funding shortages.

M Capital has been experiencing difficulties in fundraising due to ongoing interest rate hikes and a downturn in the real estate market, despite its efforts to diversify revenue streams based on business finance, industrial machinery, and automobile leasing.

Meanwhile, Meritz Financial Group has been aiding in the financial improvement of companies facing liquidity crises, including providing 1.5 trillion won in support to Lotte Construction early last year and reaching a 1.3 trillion won financial refinancing agreement with MBK Partners, the controlling shareholder of Homeplus, last month.

 

 

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