With teammate's help, inconsolable shooter regroups in time to win bronze
Where is Blackpink headed?
S. Korea wins gold in women's badminton, 1st since 1994
Police launch belated probe into another teacher's suicide after parental harassment
Traffic heavy on expressways following Chuseok
Expressways remain congested four days into Chuseok holidays
Households in capital areas hold 70 pct larger assets than non-metropolitan families: data
Inflation driving up costs to eat out
Seoul's financial assistance for egg freezing receives attention from single women
Jungkook of BTS sweeps iTunes’ Top Songs charts in 100 different regions
Hi Investment & Securities’ W217.5b fundraising plan hits snagBy Son Ji-hyoung
Published : Jan. 14, 2020 - 18:11
A total of 16 plaintiffs are seeking legal action to halt Hi Investment & Securities’ plan to raise 100 billion won by issuing 62.5 million redeemable and convertible preference shares, the investment bank said in a disclosure Tuesday.
The Busan District Court will make a final ruling on the matter Thursday, a day ahead of the due date for the transaction.
Hi Investment & Securities said it is dealing with this issue through its legal representative.
Announced in December, the fundraising plan was meant to raise the investment bank’s equity capital to nearly 1 trillion won. Its equity capital as of end-September came to 786.3 billion won.
Hi Investment & Securities is controlled by provincial bank-led DGB Financial Group, based in Daegu. DGB Financial acquired the brokerage house in September 2018.
By Son Ji-hyoung (firstname.lastname@example.org)
National Assembly speeds up efforts to outlaw dog meat consumption in S. Korea
Heavy traffic jams on highways expected on 5th day of holiday
N. Korea slams IAEA's adoption of resolution on Pyongyang's nuclear weapons program