NH Investment & Securities 4one hundred billion won rights offering decision, strengthening the IMA business
NH Investment & Securities 2day, targeting its largest shareholder, NH NongHyup Financial Group, 4worth one hundred billion won, third-3party-allotted rights offering. It disclosed that the proceeds would be used for corporate finance and venture capital investments related to IMA, as well as expanding retail credit extension limits.
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NH Investment & Securities 6month 2day, disclosed that it had decided on a rights offering worth approximately 4one hundred billion won, by third-3party allotment, for purposes including operating funds. The recipient of the shares is its largest shareholder, NH NongHyup Financial Group. The company said the offering is intended to support corporate finance and venture capital investments related to its IMA business.
The company said that its IMA business involves investing customer funds in corporate finance and venture capital, and that a high level of capital capacity is required for this. IMA is a structure that pools customer funds in an operating account and offers a range of products and investment opportunities. NH Investment & Securities disclosed that it aims to secure capital stability in order to fully launch this business.
NH Investment & Securities’ net capital ratio (NCR) was disclosed at 1on a quarterly basis, 159.3%. The company said the offering would enable it to strengthen its IMA capabilities and build market confidence. It disclosed that some of the funds raised would be used to expand retail credit extension limits.
KOSDAQ-listed WIZIT 6in 2for facility funding and other purposes on 40worth billion won, a new share offering through 3a third-party allotment, the company disclosed. WIZIT said in its filing that the funds would be used for facilities and other purposes. It also said the filing would provide specific terms, including the recipient of the issuance.
NICE Information & Telecommunication is acquiring 449 shares1,623 of its affiliate KIS Information & Communication for 1,123 billion won, 6in 2, the company disclosed. It disclosed a change in the affiliate’s governance structure through the share acquisition. The filing explained how the acquisition would be funded.
Several listed companies disclosed rights offerings and share acquisitions that day. The disclosures said the transactions would be finalized after subsequent procedures, including those required under the articles of incorporation and shareholder approval. The companies advised investors to check the detailed terms in the disclosures.