DGB Financial Group Co., Ltd. (KOSE : A139130) acquired 74.03% stake in Newsystock Co.,LTD.
August 12, 2021
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DGB Financial Group Co., Ltd. (KOSE : A139130) agreed to acquire 74.03% stake in Newsystock Co.,LTD. on July 29, 2021. As per the transaction, buyer will acquire 0.34 million shares. Newsystock Co.,LTD. has reported assets of KRW 2.31 billion for most recent business year. The Board of Directors has passed the resolution for the transaction.
DGB Financial Group Co., Ltd. (KOSE : A139130) completed the acquisition of 74.03% stake in Newsystock Co.,LTD. on August 13, 2021.
DGB Financial Group is a Korea-based company mainly engaged in the banking business. The Company operates through six segments. The Banking segment uses funds acquired in the form of deposits from the general public as its main source, and supplies funds in the form of short- and long-term loans to fund consumers. The Life Insurance Business segment engages in the life insurance business. The Financial Investment Business segment engages in investment trading business, investment brokerage business, discretionary investment business, investment advisory business, and collective investment business. The Specialized Credit Finance Business segment engages in the facility rental business, installment finance business, and new technology business finance business. The Asset Management Business segment engages in securities investment trust management and investment advice. The Financial Holding Business segment engages in financial support and business management for subsidiaries.
DGB FINANCIAL GROUP CO., LTD. 
