Woori Financial Group starts trading on stock exchange
Shares of Woori Financial Group will begin trading on the country’s main stock exchange this week, while the bank company will be delisted, Korea’s bourse operator said Tuesday.The initial public offering (IPO) slated for Wednesday came around a month after the financial entity attained a holding firm structure, according to the Korea Exchange (KRX).
Woori Bank will be delisted on the same day after transferring its shares to the group, it noted.
Trading of Woori Bank shares has been suspended since Jan. 9 for the conversion process, with the price per share ending at 14,800 won.
Yonhap
with the Korea JoongAng Daily
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