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[4K] EXO, ALPHA DRIVE ONE, n.SSign, ONEUS, idntt, SAY MY NAME, XG, LNGSHOT, TNX | On the way to Music Bank 260123
2026-01-23
Kookmin Bank moves up ADR listing on NYSE
Written: 2001-11-01 00:00:00 / Updated: 0000-00-00 00:00:00
The nation's top mortgage bank H&CB plans to list American Depositary Receipts on the New York Stock Exchange November first American Time.
The bank has merged with Kookmin Bank Thursday to form South Korea's biggest bank with one hundred-25 billion dollars in assets and nearly 20-thousand workers.
The merged bank is named Kookmin Bank.
The merged bank will issue nearly three hundred million common shares, of which ADRs would account for a maximum of two hundred million. One ADR equals one common share.
H&CB now trades its own ADRs on the New York Stock Exchange, which would be exchanged for new ADRs. The current H&CB ADR represents half a share.
The bank has merged with Kookmin Bank Thursday to form South Korea's biggest bank with one hundred-25 billion dollars in assets and nearly 20-thousand workers.
The merged bank is named Kookmin Bank.
The merged bank will issue nearly three hundred million common shares, of which ADRs would account for a maximum of two hundred million. One ADR equals one common share.
H&CB now trades its own ADRs on the New York Stock Exchange, which would be exchanged for new ADRs. The current H&CB ADR represents half a share.
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