Truston Asset Management Co., Ltd. and an unknown buyer acquired 5.3% stake in JB Financial Group Co., Ltd..
January 03, 2014 at 09:30 am IST
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Truston Asset Management Co., Ltd. and an unknown buyer acquired 5.3% stake in JB Financial Group Co., Ltd. (KOSE:A175330) on January 3, 2014. The buyers acquired 3.5 million shares in the transaction.
Truston Asset Management Co., Ltd. and an unknown buyer completed the acquisition of 5.3% stake in JB Financial Group Co., Ltd. (KOSE:A175330) on January 3, 2014.
JB Financial Group Co Ltd is a Korea-based holding company mainly engaged in the financial industry. The Company operates its business through three segments. The Banking Business segment engages in the business of supplying funds in the form of short- and long-term loans to recipients of funds, using funds acquired in the form of deposits from the general public as the main source. The Specialized Credit Finance Business segment engages in the facility rental business, installment finance business, and new technology business finance business. The Other segment engages in collective investment business such as asset management business, investment advisory business, and discretionary investment business. In addition, this segment provides financial support and business management for subsidiaries.
JB FINANCIAL GROUP CO., LTD. 
