[DISCLOSURE]
Hyundai Securities (003450) said on Aug. 3 that it plans to swap shares at a ratio of 1:0.1907312 with
KB Financial Group (105560) to become a wholly owned subsidiary.
The price is 35,474 won (US$31.82) per share for KB and 6,766 won per share for Hyundai Securities.
Hyundai added that it plans to hold a shareholders meeting on the matter on Oct. 25.
