Hana Financial Group Increases Capital by 100 Billion KRW and 200 Billion KRW in Hana Savings Bank and Hana Capital, Respectively

[Asia Economy Reporter Jang Hyowon] Hana Financial Group announced on the 22nd that it will additionally acquire 8,097,160 shares of its 100% subsidiary Hana Savings Bank for approximately 100 billion KRW.

The scheduled date for the stock acquisition is the 27th. The acquisition method is a cash purchase by participating in a rights offering.

Hana Financial Group also announced that it will increase the capital of its installment finance subsidiary Hana Capital by approximately 200 billion KRW. This is also a cash acquisition through a rights offering.

Hana Financial Group stated that the purpose of the stock acquisition is “capital expansion to strengthen the competitiveness of its subsidiaries.”