Hanmi Stock Soars on Capital Infusion

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Hanmi Bank soared on news that a Korean investment firm will take a 14.9 percent stake in the company in exchange for $11 million in capital.

News of the deal sent Hanmi stock up 52 cents, or 35 percent, to close Monday at $2 per share.

Leading Investment & Securities Co. Ltd., a Korean securities broker-dealer, will buy about 5 million shares of the Los Angeles-based bank in exchange for $6.9 million, and later will inject $4.1 million for another 3 million shares pending regulatory approval.

The deal was disclosed in filings with the Securities and Exchange Commission. When completed the two transactions “will represent up to 14.9 percent of the issued and outstanding shares of company common stock,” the filing stated.

Hanmi is the largest Korean-American owned bank in the United States.

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