Detail - Yuanta Financial Holdings

重大訊息重大讯息 Announcements

Yuanta FHC announces a civil high court decision on behalf of Yuanta Securities (Korea)

Parties to the legal matter:
Plaintiffs:Jong-gu Kang and other 19 persons
Defendants:Yuanta Securities (Korea) and 1 other person
Name of the court or disposing agency:Seoul High Court
Reference/case numbers of relevant documents:2018la20099
Date of occurrence of the event:2018/10/17
Background and circumstances of the matter (including the property/subject matter under dispute):The plaintiffs claimed that after they bought the bonds issued by the Tongyang Group, the Tongyang Group filed a court receivership on 2013/09/30. The plaintiffs filed a class action for KRW 50,000,000,000 against all the defendants. The complaint was dismissed by Seoul Central District Court on 2018/01/05. The plaintiff made an appeal on 2018/01/12.
Course and progression of handling of the matter:Today Yuanta Securities (Korea) received a judgment rendered by Seoul High Court upholding the dismissal of the complaint.
Effect on company finances and business and estimated monetary amount of the effect:There is no material effect to the finance and operation of Yuanta Securities (Korea) and Yuanta Financial Holdings.
Countermeasures and status of amelioration: N/A
Any other matters that need to be specified:The plaintiffs may appeal within seven days of the receipt of the court decision.