Business Context and Reporting Period
This Form 6-K filing by Woori Finance Holdings Co., Ltd. (Woori Finance Holdings) covers the month of May 2009. The report discloses a corporate structural change involving the addition of a new second-tier subsidiary.
Key Financial Metrics
The filing does not provide consolidated revenue, profit, cash flow, or margin data for Woori Finance Holdings. It only provides specific financial details for the newly added subsidiary, Woori F&I Eleventh Asset Securitization Specialty Co., Ltd.
| Metric (Millions KRW) | As of May 28, 2009 (Establishment) | Expected as of June 18, 2009 (Asset Transfer) |
|---|---|---|
| Total Assets | 100 | 33,213 |
| Total Liabilities | 0 | 24,160 |
| Shareholders' Equity | 100 | 9,053 |
| Paid-in Capital | 10 | 905 |
Material Changes
- Subsidiary Addition: On May 28, 2009, Woori F&I Co., Ltd. (a wholly-owned subsidiary of Woori Finance Holdings) acquired Woori F&I Eleventh Asset Securitization Specialty Co., Ltd.
- Corporate Structure: The new entity is a special-purpose company established under the Asset Securitization Act. Following this addition, Woori Finance Holdings now has a total of 42 subsidiaries.
- Business Scope: The new subsidiary engages in the purchase, management, and disposition of bonds and other instruments pursuant to the Asset Securitization Act.
Guidance, Outlook, and Risks
The filing does not contain management commentary, forward-looking guidance, or specific risk factors beyond the standard disclosure of the new subsidiary's formation. The primary operational milestone noted is the expected asset transfer registration date of June 18, 2009.
Investor Verification Checklist
- Verify the impact of the new asset securitization subsidiary on the group's consolidated balance sheet once the asset transfer is registered.
- Confirm the total number of subsidiaries (42) and the specific role of Woori F&I Co., Ltd. as the immediate parent.
- Note that this filing does not provide updated consolidated financial performance (revenue, net income) for the parent company.