Business Context and Reporting Period
This Form 6-K filing by Woori Finance Holdings Co., Ltd. (now Woori Financial Group Inc.) covers the month of September 2004, with a specific event date of September 13, 2004. The report details a material change in shareholding involving the Korea Deposit Insurance Corporation (KDIC).
Key Financial Metrics
The filing does not provide financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on corporate governance and equity structure changes.
Material Changes
The primary material event is the reduction of KDIC's stake in Woori Finance Holdings through an after-hours trading sale.
- Previous Holding: 673,458,609 common shares (as of May 16, 2003).
- Transaction: Sale of 45,000,000 common shares on September 13, 2004.
- New Holding: 628,458,609 common shares.
- Ownership Ratio: KDIC's ownership percentage stands at 80.15% following the transaction.
- Total Issued Shares: 784,076,172 common shares; no preferred shares issued.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. It is a procedural disclosure of a shareholding change required under Korean law and SEC regulations.
Investor Verification Checklist
- Verify the current total number of outstanding shares (784,076,172) to confirm the 80.15% ownership calculation.
- Confirm the pricing and proceeds of the 45,000,000 share sale, as this information is not included in the filing.
- Check for subsequent filings to track further changes in KDIC's stake or the company's capital structure.
- Review the company's Form 20-F for comprehensive financial data, as this 6-K does not contain financial statements.