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Photo = Hanyang Securities |
[Alpha Biz= Paul Lee] On May 28, DB Financial Investment issued a regulatory filing stating that no decision has been made regarding the potential acquisition of Hanyang Securities, following media reports on the matter.
The company clarified:
“We are reviewing various strategic options to strengthen our mid-to-long-term competitiveness, but no decision has been made concerning any mergers or acquisitions at this time. We will disclose additional details either when a decision is finalized or within one month.”
Earlier, a local media outlet reported that DB Group, led by Vice Chairman Ko Won-jong of DB Financial Investment, is reviewing the acquisition of Hanyang Securities. The report suggested that the move came after a stock purchase agreement between Hanyang Securities and KCGI (Kang Sung-boo Fund) faced uncertainty due to a special tax investigation by the National Tax Service.
Separately, DB Insurance, an affiliate of the group, recently acquired a 9.73% stake in Daol Investment & Securities (approximately 5.92 million shares), becoming the company’s second-largest shareholder. The stake was part of shares previously held by Presto Investment Advisory, which had been in a management dispute with Daol Chairman Lee Byung-chul.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
