Business Context and Reporting Period
This Form 6-K filing by Woori Finance Holdings Co., Ltd. (Woori Financial Group Inc.) covers the month of February 2004. The report details a corporate action taken by the Board of Directors of Woori Credit Card, a subsidiary, regarding a capital increase.
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, debt levels, or liquidity ratios. The document focuses exclusively on a specific capital transaction.
Material Changes and Corporate Actions
On February 23, 2004, the Board of Directors of Woori Credit Card resolved to issue new shares of common stock to Woori Finance Holdings to effect a capital increase. Key details of this transaction include:
- Issue Amount: 800,000,000,000 won
- Face Value: 5,000 won per share
- Number of Shares: 160,000,000 shares of common stock
- Issue Date: March 25, 2004
- New Share Allocation Ratio: 7.079646%
Guidance, Outlook, and Risks
The filing text does not provide management commentary, future guidance, outlook, risk factors, contingencies, or details on unusual items beyond the capital increase resolution.
Investor Verification Points
- Confirm the successful completion of the share issuance on the scheduled date of March 25, 2004.
- Verify the impact of the 800 billion won capital injection on Woori Credit Card's balance sheet and regulatory capital ratios.
- Review subsequent filings for any changes in the ownership structure resulting from the 7.079646% new share allocation.