Saehan Bancorp Signs Memorandum of Understanding with Hana Financial Group for Strategic Investment

Saehan Bancorp (OTCBB:SAEB) today announced it has signed a Memorandum of Understanding with Hana Financial Group, based in Seoul, South Korea, for the sale of newly issued shares of common stock and a 51 percent ownership position on a fully diluted basis upon its proposed completion. The transaction is subject to appropriate U.S. and Korean regulatory approvals, the execution of a stock purchase agreement and related due diligence. "The proposed transaction will enable Saehan to furth...continued SAEB  Financial banks investment

URL: http://www.investorpoint.com/news/OTCBULLB/48329109/