Arab Today, arab today tongyang to sell 150bn won worth of shares to yuanta
Last Updated : GMT 21:53:08
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Tongyang to sell 150bn won worth of shares to Yuanta

Arab Today, arab today

Arab Today, arab today Tongyang to sell 150bn won worth of shares to Yuanta

Seoul - Arab Today

Tongyang Securities Inc., a brokerage unit of troubled Tong Yang Group, said Friday that its shareholders approved a proposal to issue new shares worth 150 billion won (US$139 million) to a Taiwanese brokerage house. Earlier this week, the parent group had signed a deal to sell a 27.06 percent share in the brokerage unit for some 120 billion won to Yuanta Securities, a unit of Yuanta Financial Holdings Co

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