Ownership Structure Changes of Kookmin Bank
2003-12-22On December 19, 2003, our ownership structure changed as a result of the Korean government’s sale of all of our common shares. Prior to this disposal, the Korean government was our largest single shareholder and held 30,623,761 shares of our common stock.
In terms of voting rights, ING Bank N.V. Amsterdam is the largest shareholder, which is entitled to exercise its voting rights as a one entity. As of June 17, 2003, our latest shareholders’ registry closing date, it holds 12,716,691 shares, approximately 3.78% of our common stocks.
We will update our ownership information once this information is confirmed after closing the shareholders’ registry in connection with our annual shareholders’ meeting for the fiscal year 2003.
As of December 19, 2003, we hold 31,016,623 shares, or approximately 9.22% of the total issued common stock as treasury stock as a result of our purchase of most of our shares of common stock held by the Korean government.