KRX:030610

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South Korea's Supreme Court Dismisses Appeal Against Kyobo Securities Over New Share Issuance Case

Kyobo Securities (KRX:030610) said South Korea's Supreme Court has dismissed an appeal seeking to invalidate its issuance of new shares on Aug. 31, 2023, bringing the lawsuit to a conclusion in its favor, according to a Tuesday filing with the Korean Exchange.The South Korean financial services company said that the Supreme Court, in its Aug. 12 ruling, dismissed the appeal and ordered the plaintiff, Yoon Hee-rang, to bear the costs of the appeal.The Supreme Court ruled that the grounds outlined in the appeal do not fall within the scope of further review under the Act on Special Cases Concerning the Procedure for Appeals to the Supreme Court.

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Asia4h ago

Kyobo Securities to Underwrite KRW40 Billion of Kyobo Life Insurance's Hybrid Bonds

Kyobo Securities (KRX:030610) has agreed to underwrite 40 billion won of hybrid capital securities issued by its affiliate, Kyobo Life Insurance, according to a Tokyo bourse filing on Tuesday.The 300 billion won total issuance, scheduled for Aug. 31, carries a 30-year maturity with coupon and yield rates to be determined through demand forecasting.The board approved the deal on Aug. 12, with the transaction subject to change based on demand forecasts. The total face value is adjustable at up to 500 billion won.

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