| Mobile Web

Search results for Homeplus

Finance

Samsung Securities commercial paper licence seen as green light, Meritz still in fog

Samsung Securities is seen as closer to winning approval to issue short-term commercial paper as regulators consider lowering sanctions linked to sales misconduct at key branches. The Financial Services Commission is expected to decide on the sanctions at its July 31 meeting, and the licence agenda could reach a Sept. 9 meeting. Meritz Securities, meanwhile, has not advanced its application, with prosecutors investigating alleged unfair trading and other issues weighing on timing.

Industry

Meritz to inject 200 billion won into Homeplus restructuring, MBK to guarantee loans

Meritz Financial Group decided to provide 200 billion won in emergency debtor-in-possession financing to support Homeplus\' restructuring, on condition that MBK Partners and its chairman provide joint guarantees for the full loan amount. Meritz Fire & Marine Insurance, Meritz Securities and Meritz Capital approved the DIP support at separate board meetings on Wednesday. Meritz said it made the decision to share hardships and fulfill social responsibility.

Finance

Kim Byung-ju, MBK to fully guarantee 200 billion won Homeplus DIP financing

Kim Byung-ju (김병주), chairman of MBK Partners, and MBK Partners plan to provide a full joint and several guarantee for 200 billion won in debtor-in-possession financing needed for Homeplus’ rehabilitation. MBK said it would guarantee the entire loan if Meritz gives final approval for the emergency operating funds. It said Homeplus needs the funding to continue operations and reduce damage to partners and suppliers. MBK said prior support totalled about 400 billion won.