The Korea Herald

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JB Woori Capital to turn preference shares to common shares

By 정민경

Published : July 20, 2016 - 18:04

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[DISCLOSURE] JB Woori Capital, a subsidiary of JB Financial Group (175330), has received a request to turn 3.5 million convertible stocks into common stocks from SPC, a shareholder of the preferred stocks, it announced on July 20.

The number of common stocks to be issued from the conversion will amount to 11.55 million and the total number of shares will be 77.044 million.