Subsidiary Korea Investment & Securities decides to invest 454 bln won in KIARA fund (2nd tranche 128.6 bln won)
Subsidiary Korea Investment & Securities decides to invest total 454 billion won (USD 300 million) in KIARA Multi Asset Allocation Fund 2 (4.05% of equity)
2nd tranche paid on May 20: 128.6 billion won (USD 85.5 million); 1st tranche (Apr 7) 196.2 billion won; total paid 324.8 billion won
Fund managed by affiliate KIARA Advisors; purpose: pursue profitability
Capital calls structure; further corrections will be filed upon additional investments
KOSPI Filing Information
Filing: [Correction of Description] Decision on Acquisition of Stocks and Investment Securities of Other Corporations (Major Management Matters of Subsidiary)