InvestmentJun 26, 2026, 06:09 AM
KB Financial Group Subsidiary KB Securities to Raise KRW 1T Capital
AI Summary
KB Financial Group Inc.'s wholly-owned subsidiary, KB Securities Co. Ltd., announced a capital increase through the issuance of 56,753,688 common shares. The aggregate net proceeds are approximately KRW 1 trillion, intended to provide working capital for KB Securities. The shares will be subscribed by KB Securities shareholders, with an expected subscription date of July 22, 2026.
Key Highlights
- KB Securities to issue 56,753,688 common shares.
- Issue price per share set at KRW 17,620.
- Aggregate net proceeds total KRW 999,999,982,560 (approx. KRW 1 trillion).
- Capital increase aims to provide working capital for KB Securities.
- Expected subscription date for shares is July 22, 2026.
- Shares will be locked up for one year with Korea Securities Depository.
Price Impact
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