daewoo securities\ plan to raise capital gets
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

Daewoo Securities' plan to raise capital gets

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Arab Today, arab today Daewoo Securities' plan to raise capital gets

Seoul - Yonhap

Daewoo Securities Co.'s plan for a big capital increase is feared to dent its share price as the move is unlikely to do much to boost its earnings and competitive edge, analysts said Thursday, downgrading their price targets on the company. Daewoo Securities, South Korea's No. 2 brokerage by market cap, said Wednesday it will raise its capital by 1.4 trillion won (US$1.3 billion) through a rights offering as part of its efforts to become a global investment bank.

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