SANG JI GLOBAL completed acquisition of 46.17% stake in Non-performing Loans of Yuanta Securities Korea Co., Ltd. from Yuanta Securities Korea Co., Ltd..
February 23, 2018
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SANG JI GLOBAL agreed to acquire 46.17% stake in Non-performing Loans of Yuanta Securities Korea Co., Ltd. from Yuanta Securities Korea Co., Ltd. (KOSE:A003470) for KRW 54.6 billion on February 13, 2018. Competitive bidding was conducted in transaction and SANG JI GLOBAL is selected as preferred bidder. The transaction is expected to close on February 20, 2018. As of February 20, 2018, the contract wasn't executed on the expected date due to the relevant procedures of the parties. Deloitte Korea & France acted as broker in transaction and will be paid 1.2% of total amount of transaction.
SANG JI GLOBAL completed acquisition of 46.17% stake in Non-performing Loans of Yuanta Securities Korea Co., Ltd. from Yuanta Securities Korea Co., Ltd. (KOSE:A003470) on February 23, 2018.
Yuanta Securities Korea, formerly TONGYANG Securities Inc., is a Korea-based financial service provider specialized in the securities sector. Along with its subsidiaries, the Company is engaged in the securities dealing and brokerage businesses, covering stocks, futures, options, government bonds, corporate bonds, foreign exchanges and other financial derivative products. It is also engaged in the trust business, venture capital business, saving banking business, finance related software supply business, consulting business, and other financial businesses, such as credit loan business, financial company mortgage outsourcing business, non performing loan (NPL) investment and recycling business and others.
SANG JI GLOBAL completed acquisition of 46.17% stake in Non-performing Loans of Yuanta Securities Korea Co., Ltd. from Yuanta Securities Korea Co., Ltd..
YUANTA SECURITIES KOREA CO., LTD. 
