The Korea Herald

피터빈트

Hyundai Securities transfers entire stake of its own to KB Financial Group

By 황유미

Published : June 24, 2016 - 08:23

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[DISCLOSURE] Hyundai Securities (003450) will transfer entire stake of its own to KB Financial Group for 107.1 billion won (US$93.4 million), it announced on June 23. When the transfer of 16,715,870 stocks (7.06 percent) is completed on June 24, the financial group’s stake in the securities firm will increase to 29.62 percent.