The Daishin Securities has decided to delay the sale of Daishin 343, which it was promoting to complete requirements as a comprehensive financial investment business. IGIS Asset Management was selected as the preferred bidder in August and was in the process of negotiating the sale. Both parties have differing views on price, and given the difficulty of investor recruitment, the negotiation period ended along with IGIS’ position as preferred bidder. In order to be designated a comprehensive financial investment business, Daishin Securities must hold KRW 3 trillion of its own funds. For this reason it was seeking around KRW 900 billion for the sale. Even though Daishin 343 […]