National Pension Service holds 100,000 shares of SVB Group ... "Find a response plan"
This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology
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hoondork1977@alphabiz.co.kr | 2023-03-12 23:15:20
[Alpha Biz=(Chicago) Reporter Paul Lee] As of the end of last year, the National Pension Service held more than 100,000 shares in the SVB Financial Group, which includes the bankrupt Silicon Valley Bank (SVB). As of the end of last year, the value was about $ 23.2 million.
According to the US Securities and Exchange Commission (SEC) on the 12th, the National Pension Service reported that it held 100,795 shares of SVB Financial Group as of the end of December last year.
The value of the stake is $ 23,196,961 as of the end of last year, which is about 30 billion won in Korean currency.
However, the stock price of SVB Financial Group was $ 106.04 as of the 9th due to bankruptcy, which is half the price compared to the end of last year. Since then, the transaction has been suspended.
As of the end of 2021, the appraised value of SVB Financial Group's stock investment, which was disclosed on the website of the National Pension Fund Management Headquarters, was 362.4 billion won, which is the total investment size of the fund that includes both direct and consignment management.
As of the end of last year, the figures reported to the SEC include only direct investment by the National Pension Service, and the amount of consignment investment is not confirmed.
The National Pension Service is seeking to respond to the SVB bankruptcy and said, "It does not disclose investment details other than the disclosure, but its holdings, including direct and consignment, are understood to have decreased compared to the end of 2021."
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