Business Context and Reporting Period
This Form 6-K filing by Woori Finance Holdings Co., Ltd. (Woori Financial Group Inc.) covers the month of October 2009. The report discloses a corporate action regarding the increase of the parent company's shareholding in its subsidiary, Woori Financial Co., Ltd.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on equity ownership changes rather than financial performance metrics.
Material Changes
On October 15, 2009, the Company acquired 409,484 common shares of Woori Financial Co., Ltd. This transaction increased the Company's shareholding in the subsidiary from 50.60% to 52.88%.
- Prior Shareholding (as of August 31, 2007): 8,499,955 common shares (50.60%).
- Current Shareholding (as of October 15, 2009): 8,970,639 common shares (52.88%).
- Inclusion of Related Party Shares: The current total includes 61,200 shares held by Mr. Byung Jae Lee, the CEO of Woori Financial, who is considered a "special related person" under Korean regulations.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for future guidance, management outlook, specific risks, contingencies, or unusual items beyond the disclosed share acquisition.
Investor Verification Checklist
- Verify the exact number of shares acquired (409,484) and the resulting ownership percentage (52.88%).
- Confirm the regulatory basis for including the CEO's shares in the parent company's reported holding.
- Review the board resolution date (September 23, 2009) versus the transaction execution date (October 15, 2009).