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Meritz Securities office building. (Photo=Meritz Securities) |
[Alpha Biz= Reporter Kim Sangjin] According to the Financial Supervisory Service's electronic disclosure system on the 11th, Meritz Securities plans to acquire 4 million newly issued shares from Meritz Capital on the 17th of this month. The acquisition amount totals 2 trillion won.
This acquisition is part of Meritz Securities' support for Meritz Capital through participation in a rights offering and the purchase of distressed assets. The shares will be acquired by Meritz Securities from the new shares issued by Meritz Capital through a rights offering, aiming to enhance Meritz Capital's capital adequacy.
As Meritz Securities already owns 100% of Meritz Capital, there will be no change in ownership due to the rights offering.
In addition, Meritz Securities will take over Meritz Capital's real estate project financing (PF) loans and bridge loans.
According to a credit rating by NICE Credit Rating (hereinafter referred to as "NICE"), Meritz Capital plans to sell assets worth 333.4 billion won (based on loan asset principal) to Meritz Securities and 95.1 billion won to external funds through a loan participation agreement by the end of March.
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
