Daol Investment & Securities to Sell Thai Subsidiary... "Proactive Liquidity Securing Measure"

[Asia Economy Reporter Myunghwan Lee] Daol Investment & Securities is pushing for the sale of its Thailand subsidiary, the only one operated by a domestic securities firm.

According to the securities industry on the 18th, Daol Investment & Securities is currently pursuing the sale of its 69.9% stake in 'Daol Thailand.' The company is reportedly in contact with financial holding companies and securities firms for the sale.

Daol Thailand is the only local subsidiary operated by a domestic securities firm in Thailand. Daol Investment & Securities is said to be hoping for a purchase price in the range of 100 billion KRW.

A Daol Investment & Securities official explained, "Although there is currently no liquidity problem, the sale is being pursued as a preemptive measure from a long-term perspective," adding, "It is to secure liquidity with ample margin."

However, the company stated that there is no possibility of selling another overseas subsidiary, 'Daol New York,' located in the United States. The official drew a clear line, saying, "The U.S. local subsidiary has a clear purpose as a global alternative investment hub," and "there is no need for its sale."

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