Form 6-K SHINHAN FINANCIAL GROUP For: Aug 27

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

Pursuant to Rule 13a-16 or 15d-16

Under the Securities Exchange Act of 1934

 

For the Month of August 2018

 

SHINHAN FINANCIAL GROUP CO., LTD.

(Translation of registrant's name into English)

 

20, Sejong-daero 9-gil, Jung-gu, Seoul 04513, Korea
(Address of principal executive offices)

 

 

Indicate by check mark whether the registrant files or will

file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F  √    Form 40-F

 

Indicate by check mark if the registrant is submitting the Form 6-K in

paper as permitted by Regulation S-T Rule 101(b)(1): _______

 

Indicate by check mark if the registrant is submitting the Form 6-K in

paper as permitted by Regulation S-T Rule 101(b)(7): _______

 

Indicate by check mark whether the registrant by furnishing the

information contained in this form is also thereby furnishing the

information to the Commission pursuant to Rule 12g3-2(b) under the

Securities Exchange Act of 1934.

 

Yes        No___√___

 

If "Yes" is marked, indicate below the file number assigned to the

registrant in connection with Rule 12g3-2(b): 82-  n/a  .

 

 

 

 

 

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Please refer to Exhibit 99.1 and 99.2.

 

 

 

 

 

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EXHIBIT INDEX

 

 

 

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SIGNATURES

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

SHINHAN FINANCIAL GROUP CO., LTD.

 

Date: August 27, 2018

By: /s/ Woo Young-woong

Name: Woo Young-woong

Title: Chief Strategy Officer

 

 

 

 

Exhibit 99.1
Shinhan Card, a subsidiary of Shinhan Financial Group, made a resolution to provide a debt guarantee for Prudential Vietnam Finance Company Limited.

On August 27, 2018, Shinhan Card’s board of directors made a resolution to provide a debt guarantee for Prudential Vietnam Finance Company (PVFC) to guarantee the repayment of Prudential Vietnam Assurance Private Limited’s full deposit amount according to the Share Purchase Agreement, which was settled on January 23, 2018.

The total balance of guarantee account is KRW 216,450,000,000^*. And the guarantee period is 6 months starting from the completion date of the acquisition and the acquisition is expected to be completed by the end of 2018^**.

 

* The total balance of guarantee account is the equivalent amount of VND 4.5 trillion and the amount is converted based on the first notification exchange rate by Seoul Money Brokerage Services as of 2018.08.27.

** The completion date of acquisition is subject to change.

1

 

Exhibit 99.2
Shinhan Card, a subsidiary of Shinhan Financial Group, made a resolution to grant a credit line to Prudential Vietnam Finance Company Limited.

On August 27, 2018, Shinhan Card’s board of directors made a resolution to grant a credit line of VND 4.5 trillion to Prudential Vietnam Finance Company (PVFC) in order to repay Prudential Vietnam Assurance Private’s deposit upon withdrawal request.

The total credit amount is VND 4.5 trillion and the credit to PVFC will be provided by either payment guarantee or direct lending. The period of grant is 7 years starting from one month following the completion of the acquisition, and the acquisition is expected to be completed by the end of 2018^*.

 

* The completion date of acquisition is subject to change.

1

 

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