Daishin Securities Files Supplement for ELS Series 1118 and 1119... Small Fundraising, Shareholder Return Policy Maintained
Daishin Securities filed a supplementary registration statement for its already-issued derivative-linked bonds ELS Series 1118 and 1119. Each issuance is small at 29.97 billion and 29.91 billion won respectively, part of the remaining 15.4 trillion won out of a total 20 trillion won issuance program.
The products are linked to Samsung Electronics common stock with high volatilities of 92.73 percent and 84.76 percent. Investment risks include no deposit insurance protection, potential principal loss, issuer credit risk, and others explicitly stated.
The company plans to pay dividends of 1,200 won per common share and differentiated dividends for preferred shares, and has canceled 1,553,637 common shares and 117.6 billion won in redeemable convertible preferred shares to enhance shareholder value. With total equity of 4.1 trillion won and AA- credit rating, the financial structure is stable, but a Fair Trade Commission investigation into unfair collusion is ongoing.
[AI Summary]Small ELS issuance with no capital change. Stable dividends and share buybacks positive. Fair Trade probe is a risk but financial stability high. Shareholder return policy continues.