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View of Daishin Securities headquarters building (photo = Daishin Securities). |
Daishin Securities will sell its headquarters building (photo) for 660 billion won. The deal is expected to increase equity capital, enabling the company to enter a comprehensive investment financial business.
According to the securities industry on the 18th, Daishin Securities has decided to sell its headquarters building, 'Daeshin 343' (formerly Daishin Finance Center), and is in last-minute talks with NH-Amundi Asset Management. This building is located in Euljiro, Seoul. The total floor area of the building is 53369.33 square meters, consisting of seven basement floors and 26 ground floors. The price is expected to be set at around 41 million won per 3.3 square meters. The total price amounts to 660 billion won.
Daishin Securities has been selling its headquarters building since last year to enter the final investment company. In August last year, Aegis Asset Management was selected as the preferred bidder and negotiated, but it failed to reach an agreement on the price. The sale resumed in January this year.
Once the sale of the office building is completed, Daishin Securities will be listed as the 10th final investment company in Korea. According to the Financial Supervisory Service's electronic disclosure system, Daishin Securities' separate standard equity capital has already been filled to 2.8532 trillion won at the end of last year. If the sale proceeds are received, it is expected to easily exceed the equity capital standard of 3 trillion won.
AlphaBIZ Paul Lee(hoondork1977@alphabiz.co.kr)
