Photo = Yonhap news

 

[Alpha Biz= Reporter Kim Jisun] The Financial Supervisory Service (FSS) has intervened in Hyundai Securities' plan for a 200 billion KRW capital increase, demanding corrections to the filing.

According to reports from the financial investment industry, the FSS requested on December 12 that Hyundai Securities submit a corrected filing for its securities registration that was initially submitted on November 27, 2024. As a result, the effectiveness of the original filing has been suspended. If the corrected filing is not submitted within three months, the capital increase proposal will be considered withdrawn.

Previously, Hyundai Securities announced its intention to raise funds for facility investment and other purposes through a rights offering, followed by a general public offering for any unsubscribed shares.

The planned issuance of new shares through this capital increase would represent 95% of its existing total shares, a significant amount. Following the news, Hyundai Securities' stock price plummeted by over 10%.

 

 

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