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Daishin Securities shelves main office building sale to NH-Amundi

Korea Economic Daily LogoKorea Economic Daily2h ago

Daishin Securities shelves main office building sale to NH-Amundi - Korea Economic Daily

Quick Summary:

Daishin Securities Co.has called off a plan to sell its headquarters building in a central business district in downtown Seoul to NH-Amundi Asset Management Co.for 660 billion won ($497 million) after the latter failed to recruit investors for its acquisition fund.

This was the South Korean major securities firm’s second attempt to sell its main office building in the capital city after its previous deal with IGIS Asset Management Co.collapsed due to a difference in the sale prices in August last year.

However, Daishin Securities is not in a hurry to sell the building again after it has already raised enough funds to beef up its equity capital to meet the conditions of being a comprehensive financial investment business entity in Korea.

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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-06 @ 15:25:44 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 419 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 22388233

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About Korea Economic Daily

Korea Economic Daily Logo

Main Topics: Economy

Official Website: kedglobal.com

Update Frequency: 16 posts per day

Year Established: 1964

Headquarters: South Korea

News Last Updated: 31 minutes ago

Coverage Areas: South Korea

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #91

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  • URL: https://beamstart.com/news/daishin-securities-shelves-main-office-17256070447

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