Meritz Financial Group Inc.

A138040

KR7138040001

Investment Holding Companies

End-of-day quote Korea S.E. Other stock markets 06:00:00 2024-05-16 pm EDT			5-day change	1st Jan Change
81,300 ^KRW	-0.12%		-1.22%	+37.56%

May. 15	Meritz Financial's Net Attributable Income Jumps 11% in Q1 Despite 28% Sales Drop	MT
Mar. 29	Tranche Update on Meritz Financial Group Inc.'s Equity Buyback Plan announced on September 21, 2023.	CI

Meritz Financial Group Inc. agree to acquire remaining 46.6% stake in Meritz Securities Co., Ltd. for KRW 1.2 trillion.

November 20, 2022

Meritz Financial Group Inc. (KOSE:A138040) agree to acquire remaining 46.6% stake in Meritz Securities Co., Ltd. (KOSE:A008560) for KRW 1.2 trillion on November 21, 2022. Under the terms of transaction, Meritz Financial will issue 0.1607327 shares of Meritz Financial Group Inc. common stock will be exchanged and paid for each share of Meritz Securities Co., Ltd. common stock to the stock exchange target shareholders. Through this comprehensive stock swap, Meritz Securities Co., Ltd. will be incorporated as a 100% wholly owned subsidiary.

The board of Meritz Securities passed resolution on November 21, 2022. Meritz Securities will conduct a shareholder meeting on March 8, 2023 for approval of shareholders. Transaction is expected to close on April 5, 2023.

Latest news about Meritz Financial Group Inc.

Meritz Financial's Net Attributable Income Jumps 11% in Q1 Despite 28% Sales Drop	May. 15	MT
Tranche Update on Meritz Financial Group Inc.'s Equity Buyback Plan announced on September 21, 2023.	Mar. 29	CI
Tranche Update on Meritz Financial Group Inc.'s Equity Buyback Plan announced on September 21, 2023.	Mar. 29	CI
Meritz Financial Group Inc. announces an Equity Buyback for KRW 500,000 million worth of its shares.	Mar. 22	CI
Meritz Financial Group Inc.'s Equity Buyback announced on September 21, 2023, has closed with 3,951,000 shares, representing 2.06% for KRW 240,156.66 million.	Mar. 21	CI
Meritz Financial Group Inc. authorizes a Buyback Plan.	Mar. 21	CI
Tranche Update on Meritz Financial Group Inc.'s Equity Buyback Plan announced on March 17, 2023.	Mar. 15	CI
Tranche Update on Meritz Financial Group Inc.'s Equity Buyback Plan announced on March 17, 2023.	Mar. 15	CI
Tranche Update on Meritz Financial Group Inc.'s Equity Buyback Plan announced on March 17, 2023.	Mar. 15	CI
Tranche Update on Meritz Financial Group Inc.'s Equity Buyback Plan announced on March 17, 2023.	Mar. 15	CI
Meritz Financial Group Inc.'s Equity Buyback announced on March 17, 2023, has expired with 8,701,000 shares, representing 5.12% for KRW 399,967.82 million.	Mar. 14	CI
Correction: Meritz Financial Group's Net Attributable Income Jumps in Q4	Feb. 23	MT
Meritz Financial Group's Net Attributable Income Declines in Q4	Feb. 23	MT
Tranche Update on Meritz Financial Group Inc.'s Equity Buyback Plan announced on September 21, 2023.	Dec. 26	CI
Tranche Update on Meritz Financial Group Inc.'s Equity Buyback Plan announced on November 21, 2022.	Nov. 21	CI
Tranche Update on Meritz Financial Group Inc.'s Equity Buyback Plan announced on November 21, 2022.	Nov. 21	CI
Tranche Update on Meritz Financial Group Inc.'s Equity Buyback Plan announced on November 21, 2022.	Nov. 21	CI
Tranche Update on Meritz Financial Group Inc.'s Equity Buyback Plan announced on November 21, 2022.	Nov. 21	CI
Tranche Update on Meritz Financial Group Inc.'s Equity Buyback Plan announced on November 21, 2022.	Nov. 21	CI
Meritz Financial Group Inc.'s Equity Buyback announced on November 21, 2022, has expired with 4,845,744 shares, representing 3.99% for KRW 200,121.97 million.	Nov. 20	CI
South Korean Shares Gain After President Yoon Says Stock Short Selling Ban to be Effective Till Measures Taken	Nov. 14	MT
Meritz Financial's Net Income Declines in Q3	Nov. 14	MT
Meritz Financial Group Inc. announces an Equity Buyback.	23-09-21	CI
Meritz Financial Group Inc. authorizes a Buyback Plan.	23-09-20	CI
Meritz Financial Group's Net Income Jumps in Q2	23-08-15	MT

Chart Meritz Financial Group Inc.

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Company Profile

Meritz Financial Group Inc is a Korea-based company engaged in the financial industry. The Company operates its business through four segments. The Non-Life Insurance Business segment engages in insurance, asset management, and other business that can be operated under the Insurance Business Act and related laws. The Financial Investment Business segment engages in the business of investment trading, investment brokerage, collective investment, and specialized private recruitment collective investment. The Specialized Credit Finance Business segment operates facility rental business, installment finance business, new technology business finance business, credit or collateral loans under the Specialized Credit Finance Business Act. The Other segment engages in collective investment business such as fund establishment and management, professional private recruitment collective investment business, original insurance and reinsurance for non-life insurance.

Sector

Investment Holding Companies

Calendar

2024-08-11 - Q2 2024 Earnings Release (Projected)

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Ratings for Meritz Financial Group Inc.

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

81,300 KRW

Average target price

100,000 KRW

Spread / Average Target

+23.00%

Consensus

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Estimates Revisions

Quarterly revenue - Rate of surprise

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