Business Context and Reporting Period
This Form 6-K is filed by Woori Finance Holdings Co., Ltd. (Woori Finance) for the month of September 2007. The filing reports a material corporate event regarding the expansion of the company's subsidiary structure.
Key Financial Metrics
The filing does not provide consolidated revenue, profit, cash flow, or margin data for Woori Finance. It provides specific financial details only for the newly established subsidiary, Woori Investment Asia Pte. Ltd., as of September 3, 2007:
- Total Assets: 46,995 million Won
- Total Liabilities: 0 million Won
- Shareholder's Equity: 46,995 million Won
- Paid-in Capital: USD 50,000,000
Material Changes
As of September 20, 2007, Woori Investment & Securities, a subsidiary of Woori Finance, added Woori Investment Asia Pte. Ltd. as a wholly-owned subsidiary. This entity was established in Singapore to conduct Southeast Asian investment banking activities. Following this inclusion, the total number of subsidiaries under Woori Finance increased to 25.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies beyond the announcement of the new subsidiary. No unusual items were reported.
Investor Verification Checklist
- Verify the operational status and regulatory approvals of Woori Investment Asia Pte. Ltd. in Singapore.
- Confirm the total count of Woori Finance subsidiaries is now 25.
- Note that the USD 50 million paid-in capital is fully reflected in the subsidiary's equity (46,995 million Won).
- Recognize that this filing does not contain consolidated financial performance data for the parent company.