Sale procedure resumed after contract termination on the 31st of last month
Existing preferred negotiator VI Financial Investment and MOU
[서울=뉴스핌] Reporter Jeong Tak-yoon = Japan’s J Trust Group is pushing ahead with a plan to sell JT Capital in addition to the existing JT Savings Bank. This is because the contract was terminated at the end of last month due to the issue of the domestic financial authorities’ eligibility screening for major shareholders after the decision to sell JT Savings Bank to VI Financial Investment. Accordingly, it is known that VI Financial Investor, who was the preferred target for the sale of JT Savings Bank, will take over both companies.
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| [서울=뉴스핌] Reporter Jeong Tak-yoon = 2021.04.07 [email protected] |
According to the financial sector on the 7th, J Trust recently announced through a public announcement that it has signed a Memorandum of Understanding (MOU) with JT Savings Bank to transfer the shares of JT Capital to VI Financial Investment. After the contract was terminated on the 31st of last month, JT Capital signed a new MOU.
VI Financial Investment is a financial company established by the acquisition of High Asset Management and High Investment Futures by Banker Street Private Equity (PE), a Hong Kong-based private equity fund (PEF) manager.
J Trust and VI Financial Investment are planning to enter into a transfer agreement of over 100% of JT Capital shares on the 14th of next month. The transfer price is 116.5 billion won. The stock transfer date is scheduled for June 15th.
Earlier, VI Financial Investment signed an MOU for the transfer of shares of JT Savings Bank in October last year, but the contract was terminated on the 31st of last month because it failed to pass the qualification test for the majority shareholder of the Financial Services Commission within the fulfillment period.