KB Securities Opens Non-Face-to-Face 'Public Tender Offer Subscription System'

KB Securities announced on the 20th that it has launched a non-face-to-face 'Tender Offer Subscription System' to improve accessibility and convenience for customers subscribing to tender offers.

A tender offer refers to publicly purchasing shares outside the securities market by pre-announcing the purchase period, price, and quantity of a specific company's stock, primarily for purposes such as mergers and acquisitions (M&A), securing management rights, or delisting.

Until now, investors had to visit branches in person to subscribe to tender offers, which was inconvenient. To resolve these inconveniences, KB Securities has established a system that allows subscription to tender offers through non-face-to-face channels via its Mobile Trading System (MTS) 'KB M-able (M-able)' and Home Trading System (HTS) 'H-able'.

KB Securities account holders can apply for subscriptions during the tender offer period within business hours (9 AM to 4 PM) through the Tender/Off-market Purchase section under the Assets & Banking tab on the MTS KB M-able. For HTS users, applications can be made on the Tender Offer Subscription Registration screen under Banking & Subscription in H-able. Additionally, customers who prefer the traditional offline subscription method can apply by visiting the nearest KB Securities branch.

Furthermore, customers holding tender offer target stocks in accounts at other companies can open a KB Securities account non-face-to-face and transfer the stocks to their KB Securities account through the substitution delivery process, enabling online subscription.

A KB Securities representative stated, "Through the establishment of this online tender offer subscription system, we expect to enhance investor accessibility and convenience, ultimately increasing the likelihood of successful tender offers." They added, "Going forward, KB Securities plans to provide a one-stop package advisory service targeting private equity (PE) and strategic investors, covering tender offers, related financing advisory, strengthening corporate competitiveness after tender offers, and final sales advisory."

At the end of 2023, KB Securities reorganized its structure by establishing a Governance Improvement Team within the M&A Headquarters, adding advisory functions for spin-offs, mergers, governance improvements, and tender offer advisory services. Since the second half of 2023, KB Securities has recruited experts with practical experience in spin-offs, mergers, and governance improvements from accounting firms and other financial companies, and has been expanding related operations, recently completing the re-listing of Hyosung through a spin-off.