Hanyang Academy, Hanyang Securities decides to sell its stocks… Ownership stake decreases from 16.29% to 4.99%.

, ‘Hanyang Educational Foundation decided to sell 1,514,025 shares of Hanyang Securities stock owned by the foundation. After the sale, Hanyang Educational Foundation’s stake in Hanyang Securities will decrease from 16.29% based on common shares to 4.99%.’,
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, ‘According to the minutes of the board meeting released by Hanyang Educational Foundation on the 19th, the foundation plans to dispose of 1,437,590 out of the 2,074,010 common shares of Hanyang Securities currently held. The foundation will also sell all 76,435 preferred shares it currently owns. After the stake disposal, Hanyang Educational Foundation’s stake will decrease from 16.29% based on common shares to 5%.’,
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, ‘The per share disposal prices are set at 18,030 won for common shares and 13,483 won for preferred shares, based on the average stock price over the past 4 months (February 29 to June 28). The total estimated disposal amount is approximately 16.56086 billion won.’,
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, “On the 9th, Hanyang Educational Foundation held its 6th board meeting for 2024 and deliberated and resolved on this matter. The foundation also submitted relevant documents to the Ministry of Education on the 11th for approval.”,
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, ‘Hanyang Educational Foundation stated, “Corporations and their affiliated institutions are facing significant financial difficulties due to the ongoing global economic recession after the pandemic. For universities, the 16-year freeze on tuition fees has made financial operations challenging, and medical institutions have been unable to cover operating deficits in recent years due to aging hospital facilities and poor medical conditions. Adding to this, the strike action of primary care physicians has further worsened the financial situation of medical institutions.”‘,
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, ‘The foundation explained, “Despite our efforts to dispose of income-generating land and other assets to support the financial needs of various schools under the foundation’s responsibility, it has not been easy.” They further added, “We plan to use the proceeds from the partial disposal of Hanyang Securities shares for various expenses of the foundation, such as the transfer fees for schools and the capital repayment for medical institutions.” Regarding the use of the disposal proceeds, they stated, “Half of the disposal amount will be used to acquire income-generating assets, such as regular deposits, and the remaining half will be used for the foundation’s expenses, including school transfer fees. If the final disposal amount falls short of the estimated value by 50%, we will prioritize acquiring income-generating assets using 165.6 billion won from the disposal proceeds.”‘, ‘article_split’,
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