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Photo = Yonhap news |
[Alpha Biz= Kim Jisun] Meritz Securities, a subsidiary of Meritz Financial Group, announced on June 9 that it will conduct a rights offering worth KRW 50 billion to support its wholly owned subsidiary, Meritz Capital.
According to the regulatory filing, Meritz Securities plans to issue 4 million new common shares at KRW 12,500 per share.
The company stated that the capital increase is a "preemptive measure to maintain capital soundness in response to Meritz Capital’s participation in its own rights offering."
On the same day, Meritz Capital also disclosed plans to raise KRW 50 billion by issuing 1 million new shares at KRW 5,000 per share.
AlphaBIZ Kim Jisun(stockmk2020@alphabiz.co.kr)
