Hyundai Motor Securities: FSS Approves A 200 Billion Won Capital Raise + Rising Real Estate PF Risk
On 10 January, it was reported that Hyundai Motor Securities (001500 KS)'s 200 billion won capital increase plan passed the Financial Supervisory Service's review.
Based on the recent revised report to the FSS, Hyundai Motor Securities disclosed that there is a risk of loss in domestic real estate PF and overseas real estate investment.
The company's decision to proceed with the capital raise is likely to weaken its share price to below its expected rights offering price of 6,640 won in the coming weeks.
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