HI Investment & Securities Co., Ltd. announced that it expects to receive KRW 117.5 billion in funding
December 22, 2019
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HI Investment & Securities Co., Ltd. announced private placement of 100,000,000 shares at a price of KRW 1,175 per share for gross proceeds of KRW 117,500,000,000 on December 23, 2019. The investor will be determined on January 17, 2020 through shareholder allocation method. The subscription will start from February 18, 2020 and end on February 19, 2020. The expected payment date is February 24, 2020. The company will pay registration and other expenses of KRW 531,150,000 in the transaction. The transaction has been approved by the board of directors of the company.
DGB Financial Group is a Korea-based company mainly engaged in the banking business. The Company operates through six segments. The Banking segment uses funds acquired in the form of deposits from the general public as its main source, and supplies funds in the form of short- and long-term loans to fund consumers. The Life Insurance Business segment engages in the life insurance business. The Financial Investment Business segment engages in investment trading business, investment brokerage business, discretionary investment business, investment advisory business, and collective investment business. The Specialized Credit Finance Business segment engages in the facility rental business, installment finance business, and new technology business finance business. The Asset Management Business segment engages in securities investment trust management and investment advice. The Financial Holding Business segment engages in financial support and business management for subsidiaries.
DGB FINANCIAL GROUP CO., LTD. 
