Hanyang Securities: "Company Sale and Liquidity Crisis Rumors Are False... Report Filed with Financial Supervisory Service"

"Real Estate Contingent Liabilities Ratio Also at Industry's Lowest Level"

[Asia Economy Reporter Lee Myunghwan] Recently, Hanyang Securities, which has been caught up in rumors of a sale and liquidity crisis due to the Gangwon-do Legoland incident, announced that it has reported the related rumors to the Financial Supervisory Service.

On the 21st, Hanyang Securities stated that it submitted a report to the Financial Supervisory Service's joint rumor crackdown team regarding baseless malicious rumors circulating in the market in the form of so-called 'Jirasi (informational leaflets).' Hanyang Securities explained that it decided to report in order to minimize the impact of these false malicious rumors on the company's business environment and stock price, and to provide accurate information to investors.

Regarding the sale rumors circulating among the public, a Hanyang Securities official dismissed the claims, saying, "The information leaflet spreading that Hanyang Securities is up for sale is completely untrue."

Hanyang Securities also addressed concerns about liquidity in securities firms raised by some, stating, "The ratio of contingent liabilities from real estate project financing (PF) to equity capital is 8.8%, which is the lowest in the industry," and added, "We have always been thorough in risk management and diversification of investments to carefully manage risk factors."

A Hanyang Securities official emphasized, "(Hanyang Securities) has a sound financial structure with a low scale of potential insolvency and business stability," and "The current management situation is favorable." Furthermore, they added, "We plan to firmly respond to acts that cause confusion in the capital market with baseless rumors in the future and hinder the company's business environment, taking the lead in enhancing investor and shareholder value."

Recently, in the securities industry, informational leaflets have spread claiming that the capital market has tightened due to the asset-backed commercial paper (ABCP) incident involving Gangwon-do Legoland, pushing some securities firms and construction companies to the brink of bankruptcy. These leaflets mentioned the names of specific securities firms, asset management companies, and construction companies. In response, the Financial Supervisory Service announced yesterday that it will form a joint crackdown team with the Korea Exchange and others to intensively monitor the dissemination of malicious rumors.

This content was produced with the assistance of AI translation services.