Business Context and Reporting Period
This Form 6-K is filed by Woori Finance Holdings Co., Ltd. (Woori Financial Group Inc.) for the month of March 2007. The filing reports a material event concerning the disposition of shares in LG Card by Woori Bank, a wholly-owned subsidiary of the registrant.
Key Financial Metrics
The filing does not provide consolidated revenue, profit, cash flow, margins, debt, or liquidity metrics for the reporting period. It focuses exclusively on a specific transaction adjustment regarding the sale of LG Card shares.
Material Changes Versus Prior Period
The registrant revised the details of a share sale previously disclosed on December 18, 2006. The changes are as follows:
- Sale Amount: Increased from 585,232,104,510 Won to 591,131,550,780 Won (an increase of 5,899,446,270 Won).
- Number of Shares Sold: Increased from 8,635,563 shares to 8,722,614 shares (an increase of 87,051 shares).
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies beyond the specific revision of the LG Card share sale figures.
Investor Verification Checklist
- Verify the final sale price per share of LG Card based on the revised total amount and share count.
- Confirm the impact of this revised transaction on Woori Bank's investment portfolio and realized gains/losses.
- Review the original disclosure dated December 18, 2006, to understand the context of the initial estimate.