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"In order to secure a cash flow in pursuing a merger and acquisition, the group is considering issuing common shares," said an official at the Hana Financial Group.
The decision on the plan sale will likely be discussed at a board meeting scheduled for Oct. 23, said the official, adding that nothing has been fixed yet.
Market watchers have speculated the share sale is aimed at securing ammunition to purchase Korea Exchange Bank (KEB), currently controlled by Lone Star Funds of the United States.
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