April 07, 2004 in Social Responsibility News

Participation in Samsung Card's Rights Offering

□ Details
1. Purpose
SEC's participation in the rights offering aims to improve
the soundness of its equity investment in Samsung Card by
enhancing the competitiveness of the credit card company.
2. The full payment will be completed on April 16th, 2004.
3. SEC will purchase 75,000,000 new shares among the allocated
rights of 118,282,000 new shares in Samsung Card's rights issue.
The 75,000,000 new shares are 40% among the allocated rights of 63.1%.
4. The planned equity investment totals KRW 600 billion.
5. The equity investment will raise the total investment in Samsung
Card to KRW 1,091.8 billion.
6. The BOD of SEC authorized the equity investment on April 7th 2004.


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