[인포스탁데일리=김영택 기자] Meritz Financial Group merges Meritz Fire & Marine Insurance and Meritz Securities into wholly subsidiaries.
With this news, the stock price of Meritz 3 is recording the upper limit.
According to the Korea Exchange on the 22nd, Meritz Financial Holdings is trading at 34,750 won, up 29.91% from the previous trading day.
At the same time, Meritz Fire & Marine is trading at 46,350 won, up 29.83%, and Meritz Securities is trading at 5,870 won, up 29.87%.
In the market, it was judged that transparency and corporate value rose as Meritz Financial Group decided to make a comprehensive stock exchange and complete subsidiary of Meritz Fire & Marine Insurance and Securities.
Here, as Meritz Financial Holdings announces a 50% mid-term shareholder return rate, Meritz Fire & Marine Insurance and Meritz Securities are naturally delisted.
This decision is due to the decision to simplify capital redistribution and decision-making through the incorporation of subsidiaries by the two companies.
In particular, it contains a strategy to preemptively respond to capital expansion as well as corporate value enhancement.
It is interpreted as a measure to secure liquidity for financing related to real estate project financing.
However, some investors are resisting this sudden decision.
Shareholders who oppose the delisting will be able to exercise their appraisal rights if they express their opposition before the general shareholders’ meeting next year.
In addition, Meritz Financial Group announced that it would return 50% of net profit to shareholders for three years, including dividends and purchase and retirement of treasury shares.
Since each company’s shareholder return rate has been in the range of 27-40%, it is evaluated that Meritz Financial Group’s 50% return policy is reasonable.
Comprehensive stock exchanges of financial companies must be approved by the Financial Services Commission, and Meritz Financial Holdings is scheduled to undergo a review in December.
Reporter Kim Young-taek sitory0103@infostock.co.kr
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