kb-financial-keeps-rights-issue-price-at-w37250-per-share

KB Financial keeps rights issue price at W37,250 per share

The final price will allow the owner of Korea's Kookmin Bank to raise $907 million when the subscription opens on Wednesday.

KB Financial Group, the owner of Korea's Kookmin Bank, has finalised the subscription price for this week's rights offering at W37,250 per share, which will allow it to raise W1.12 trillion $907 million at today's exchange rate.

The final price is equal to the first reference price that was set on July 22, which was to be expected since KB Financial's share price has edged 2.4% higher since then. When the second reference price was set after the close of trading on Friday, it ended up just above W40,000 and since the final price was to be the lower of the two, the first reference price of W37,250 will stand. The reference prices are...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222