Business Context and Reporting Period
This Form 6-K filing by Woori Finance Holdings Co., Ltd. (Woori Financial Group Inc.) covers the month of September 2006, with a specific report date of September 29, 2006. The filing documents a corporate restructuring event involving a subsidiary of Woori Bank, which is a wholly-owned subsidiary of the registrant.
Key Financial Metrics
The filing does not provide consolidated revenue, profit, cash flow, or margin data for the parent company. It provides specific financial snapshots for the subsidiary, Shinwoo CRV, as of September 22, 2006:
- Total Assets: 3,101,513,006 Won
- Shareholders' Equity: 3,101,513,006 Won
- Total Liabilities: 0 Won
- Paid-in Capital: 2,852,190,000 Won
Material Changes
The primary material change reported is the deletion of Shinwoo CRV from the list of subsidiaries of Woori Bank. This action was taken because the liquidation of Shinwoo CRV was registered. The effective date of this deletion was September 29, 2006.
Outlook and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of future risks. The document is strictly a notification of the completed liquidation and subsequent removal of a corporate entity from the subsidiary registry.
Investor Verification Points
- Confirm the final liquidation status of Shinwoo CRV and the distribution of its remaining equity.
- Verify that the removal of Shinwoo CRV has no material impact on Woori Bank's consolidated financial statements given its zero-liability status.
- Check for any subsequent filings regarding the final closure of the subsidiary's operations.