Economy · 2 sources combined
Kim Dong-seon, Public Takeover Bid
Increases by 10 Million Shares
Deadline Deadline November 2 · Public Takeover Bid Application Deadline
In short
Kim Dong-seon, president of Hana Financial Group M&S, decided to buy more company shares.
His brothers offered to sell first, which would have reduced the share allocation for regular shareholders.
So he increased the purchase volume by over 10 million shares to secure a 31% stake.
Key facts
| When | Filed a corrected disclosure on the 22nd; the public takeover bid period ends on the 2nd of next month. |
|---|---|
| Who | Kim Dong-seon, Future Strategy Chief of Hana Financial Group M&S, increased the public takeover bid volume. |
| What | Increased ordinary share purchase volume from 16.06 million shares to 26.203 million shares. |
| How | Investing 210 billion won in personal funds while maintaining a bid price of 8,000 won per share. |
What it means for me
Hana Financial Group M&S shareholders must decide whether to respond to the public takeover bid by the 2nd of next month.
