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    A316140   KR7316140003

WOORI FINANCIAL GROUP INC.

(A316140)
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Woori Financial : Approval of Board of Directors Regarding the Stock Exchange with Woori Financial Capital Co., Ltd (Form 6-K)

07/23/2021 | 06:38am EDT

Approval of Board of Directors

Regarding the Stock Exchange with Woori Financial Capital Co., Ltd.

On May 21, 2021, the board of directors of Woori Financial Group Inc. ('Woori Financial Group') passed a resolution to approve a stock exchange agreement with Woori Financial Capital Co., Ltd ('Woori Financial Capital') to incorporate Woori Financial Capital as a wholly owned subsidiary of Woori Financial Group. On July 23, 2021, Woori Financial Group obtained the approval of its board of directors in lieu of holding a shareholders' meeting for the stock exchange.

For more details about this stock exchange, please refer to the prior disclosures on the forms listed below.

Form 6-K on May 21, 2021, Notice of Record Date

Form 6-K on May 21, 2021, Report of a Material Event - Resolution regarding Stock Exchange

Form 6-K/A on May 24, 2021, Report of a Material Event - Resolution regarding Stock Exchange

Form 6-K on June 9, 2021, Notice of Small-Scale Stock Exchange

Form CB on July 14, 2021, Tender Offer/Rights Offering Notification Form

Form F-X on July 14, 2021, Appointment of Agent for Service of Process and Undertaking

* Remaining major events

Effective date of stock exchange : August 10, 2021(expected)

Listing of new shares of Woori Financial Group : August 27, 2021(expected)

Disclaimer

Woori Financial Group Inc. published this content on 23 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 July 2021 10:37:02 UTC.


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Financials
Sales 2021 8 001 B 6,78 B 6,78 B
Net income 2021 2 279 B 1,93 B 1,93 B
Net Debt 2021 - - -
P/E ratio 2021 3,66x
Yield 2021 6,89%
Capitalization 8 118 B 6 872 M 6 876 M
Capi. / Sales 2021 1,01x
Capi. / Sales 2022 0,97x
Nbr of Employees 124
Free-Float 62,3%
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Mean consensus BUY
Number of Analysts 19
Last Close Price 11 150,00 KRW
Average target price 14 663,16 KRW
Spread / Average Target 31,5%
EPS Revisions
Managers and Directors
Tae-Seung Son Chairman, President & Chief Executive Officer
Kyu-Mok Hwang Managing Director & Head-Compliance Support
Sung-Tae Ro Independent Director
Sang-Yong Park Independent Director
Chan-Hyoung Chung Independent Director
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