, Korea

Woori Investment & Securities targets $510.3mn from rights issue

The company eyes selling 66.74mn new common shares at $7.70 each.

South Korea's Woori Investment & Securities Co. is planning to raise KRW600 billion ($510.3 million) via a rights offering to existing shareholders, the brokerage unit of Woori Finance Holdings Co. said Friday.

Woori Investment is looking to sell 66.74 million new common shares at KRW8,990 ($7,7) each, Woori Finance said in a regulatory filing. Woori Investment has 132.5 million existing common shares.

The new shares will be listed on the local bourse Dec. 8, it said in a report in Fox Business.

Follow the link for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!