This is a result of its strong effort to reorganize its business structure, among others, the acquisition of Cape Investment & Securities (formerly LIG Investment & Securities). Cape is also looking for another M&A opportunities.
According to industry sources on March 13, Cape Industries posted consolidated sales of 122.1 billion won last year, up 532.6 percent from a year ago. Its operating profit amounted to 6.1 billion won last year, a turnaround after three years of losses.
Its financial performance greatly improved last year thanks to the incorporation of Cape Investment & Securities as its subsidiary. Cape Investment recorded a net profit of 11.7 billion won last year, up 41.2 percent year on year. At present, Cape runs a total of nine subsidiaries, including a social casino game firm Socialinus.
Hana Financial Group, the parent company of KEB Hana Bank, will acquire a shopping center building and its surrounding land in a small Japanese city for around 50 billion won ($44 million), with a view to reselling part of its&hellip
KEB Hana Bank, a leading South Korean lender, has arranged $300 million lease financing for an aircraft portfolio of Avolon, in the first financing arrangement by a South Korean bank for the Irish aircraft leasing firm, according to local newspaper reports.&hellip
Korea Scientists and Engineers Mutual-aid Association (SEMA) has decided to make its first allocation to global private debt funds by committing $30 million to each of Golub Capital and Ares Management, and is considering committing an additional capital to European&hellip