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Daol Investment & Securities is planning to issue public corporate bonds for the first time since its establishment in 2008. The move is seen as solidifying the firm s borrowing structure long term. ....
Woori Financial Group announced on Monday that it acquired a majority stake in Daol Investment, a venture capital company it has sought to take over on its path to diversifying its non-banking business portfolio. The banking group said it signed a deal with Daol Financial Group to purchase a 52 percent stake in Daol Investment, which is owned by brokerage house Daol Investment & Securities. ....
Woori Financial Group announced on Monday that it acquired a majority stake in Daol Investment, a venture capital company it has sought to take over on its path to diversifying its non-banking business portfolio. The banking group said it signed a deal with Daol Financial Group to purchase a 52 percent stake in Daol Investment, which is owned by brokerage house Daol Investment & Securities. ....
Woori Financial Group has been tapped as a preferred bidder for a takeover of Daol Investment, Korea s oldest venture capital firm and one of its best. The deal is expected to present a win-win outcome, as it should bolster Woori s non-banking business portfolio, while Daol Financial Group can dispel market concerns over its cash flow. ....
Continuing its aggressive restructuring, Daol Financial Group decided to sell its credit rating agency affiliate earlier this week. The move is in line with its latest efforts to secure liquidity by selling its key affiliates. The group said it signed an agreement with Mason Capital Management and Lead Capital Management on Wednesday to sell its 100 percent stake in the credit rating subsidiary at a price of 13 billion won ($10.2 million). ....