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  • Hyundai Securities to swap shares with KB Financial
    Hyundai Securities to swap shares with KB Financial
    Hyundai Securities (003450) said on Aug. 3 that it plans to swap shares at a ratio of 1:0.1907312 with KB Financial Group (105560) to become a wholly owned subsidiary. The price is 35,474 won (US$31.82) per share for KB and 6,766 won per share for Hyundai Securities. Hyundai added that it plans to hold a shareholders meeting on the matter on Oct. 25.
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Hyundai Securities to swap shares with KB Financial

Aug. 3, 2016 - 10:25 By 정민경
[DISCLOSURE] Hyundai Securities (003450) said on Aug. 3 that it plans to swap shares at a ratio of 1:0.1907312 with KB Financial Group (105560) to become a wholly owned subsidiary. 

The price is 35,474 won (US$31.82) per share for KB and 6,766 won per share for Hyundai Securities. 

Hyundai added that it plans to hold a shareholders meeting on the matter on Oct. 25.
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