Form 6-K Current Reports
Resolution on Stock Transfer & Summary of Stock Transfer Application
2008-05-02On April 30, 2008, the board of directors of Kookmin Bank passed a resolution to approve the establishment of a financial holding company through a comprehensive stock transfer. Details of the stock transfer are as follows:
• Stock transfer ratio: 1:1
• Purpose: The financial holding company to be established intends to contribute to the development of the financial industry by diversifying its non-banking financial services business portfolio, strengthening its competitive position, increasing customer satisfaction through provision of comprehensive financial services and maximizing its corporate value through increased synergies.
• Stock transfer schedule:
- Planned date of general meeting of shareholders for approval of stock transfer: August 25, 2008.
- Period of submission of Kookmin Bank shares: September 22, 2008 to September 26, 2008.
- Period during which Kookmin Bank shares may not be traded: September 25, 2008 to the date of the listing of the shares of the financial holding company.
- Date of stock transfer: September 29, 2008.
- Name of company following stock transfer: KB Financial Holding Group(subject to change).
• Other relevant matters:
- Stock transfer ratios of Kookmin Bank and its subsidiaries participating in the stock transfer:
| Transferring Company |
Number of Shares Outstanding |
Stock Transfer Ratio (to one common share of KB Financial Group) |
Number of KB Financial Group shares to be issued |
|---|---|---|---|
| Kookmin Bank | 336,379,116 | 1.0000000 | 336,379,116 |
| KB Real Estate Trust Co., Ltd. | 16,000,000 | 0.2292600 | 3,668,160 |
| KB Investment Co., Ltd. | 8,951,797 | 0.2157556 | 1,931,400 |
| KB Credit Information Co., Ltd. | 1,252,400 | 0.4372667 | 547,632 |
| KB Data System Corporation | 800,000 | 0.9163507 | 733,080 |
| KB Asset Management Co., Ltd. | 7,667,550 | 0.8417392 | 6,454,077 |
| KB Futures Co., Ltd. | 4,000,000 | 0.1683928 | 673,571 |
| KB Investment & Securities Co., Ltd. | 15,600,000 | 0.3823499 | 5,964,657 |
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Summary of Share Transfer Application(filed with the Financial Services Commission of Korea on April 30, 2008)
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