Korea’s top property asset manager IGIS Asset’s controlling stake up for sale

Quick Summary:

South Korea’s top real estate asset management firm IGIS Asset Management Co.plans to sell a controlling stake owned by the heirs of the company's late founder and some major stakeholders.

Those stakeholders with tag-along rights include Hyundai Motor Securities Co., which holds a 6.59% stake in IGIS, and Korea Real Estate Investment & Trust Co., which owns 5.31%.

Cho holds an 11% stake through a personal investment vehicle, while Daishin Financial Group owns 11.3% through two affiliates – 8.2% by Daishin Securities Co.and 3.1% by Daishin F&I Co., a bad bank.“While I am not participating in this sale, any stake transfer should be made in a way that contributes to the company's long-term growth,” Cho said.

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Article Details

Category: Economy

Markets: South Korea

Topics: Asset’s Stake Igis Investment Management Real Estate Stakeholders Daishin Asset Firm

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-28 @ 11:27:11 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 388 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 19 words per sentence (average)

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Copyright Owner: © Korea Economic Daily

News ID: 26499509

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