NH 證 “Optimus can recover 110 billion won … The due diligence results are too cautious”

Input 2020.11.11 10:41 | Revision 2020.11.11 10:44

NH Investment & Securities (005940)In relation to the result of the due diligence (recovery rate) of the assets of the Optimus Fund announced by the Financial Supervision Service and the Samil Accounting Firm (PWC) on the 11th, it argued that the compensation to be received from actual clients may be higher the result of the due diligence. NH Investment & Securities is the largest seller to sell the Optimus Fund worth 4407 billion won (about 82.2% of the total at the end of March).

In the press release issued that day, NH Investment & Securities acknowledged the objectivity of the results of the conservative due diligence by the Financial Supervisory Service and PWC. It can go up to around 110 billion won or more and the recovery rate can increase to around 9% points (P) or more than PWC. “

NH Investment & Securities said: “In calculating the recovery rate, PWC calculated the recovery rate by including the fund subscription amount of the Optimus affiliates in the fund balance,” said NH Investment & Securities. “The fund subscription amount of Optimus affiliates (TrustAll, Atri Paradise, Epplus, etc.) is a crime-related asset that is subject to fraud, so it should be excluded from the fund balance.” NH Investment & Securities argued that if the Optimus affiliates fund subscription amount is excluded from the fund balance, the affiliates are excluded from the distribution of the recovered assets and the compensation amount that will be returned to clients who have actually suffered damages increases.

NH Investment & Securities rated the recoverable amount of client assets as “nothing” to the recoverable amount of client assets, because “PWC is involved in apartment redevelopment projects, rental housing projects and financing projects of projects (PF). ” It was determined that the company’s IB working capacity and civil and criminal litigation and negotiations could be recovered further.

An NH Investment & Securities official said: “As a seller of Optimus funds, NH Investment & Securities has a strong sense of responsibility in resolving this situation.” “We will make every effort to minimize damage to customers by discussing with the financial institutions involved in this situation. I will.”