SK Securities Acquires 4.32 Million Shares of MS Mutual Savings Bank for 39 Billion KRW

by Han Jinjoo

Published 22 Apr.2021 18:07(KST)

[Asia Economy Reporter Han Jinju] SK Securities announced on the 22nd that it will acquire 4,319,284 shares of MS Mutual Savings Bank, a mutual savings bank company, for approximately 39 billion KRW. After acquiring the shares, SK Securities' stake in MS Mutual Savings Bank will be 93.6%.

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SK Securities explained, "This is to expand profits through entering the savings bank business, and the scheduled acquisition date will be determined depending on the approval of the Financial Services Commission."

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