Underwriting means an underwriter helps an issuer to take procedures before a success-guaranteed offering or distributing shares.
In type of firm underwriting commitment, the underwriter will buy all issuer’s shares and then takes an public offering or buy any
undistributed shares.
Issuing agent and underwriting are similar, the difference between them is that Mirae Asset Securities , acting as an agent of an issuer,
will do the best to distribute issuer’s shares. The issuer will pay all fees relating to the offering, Mirae Asset Securities will get commission.
Underwriting is supposed to be our strategic service, planned as our principle strength and most profitable service. Mirae Asset Securities
will support all organisations who need captital mobilization by issuing shares publicly to take all necessary preparation and procedures
before an offering, to hold the distribution out to the public.
Clients get these utilities with Mirae Asset Securities ’s underwriting - issuing agent service:
1. To get detailed and thoroughfull consultation in making issuing application documents in compliance with current laws.
2. To get free advice during preparation period of public offering.
3. To help capital structure adjustment on the base of managing and using current financial sources and other sources which will be mobilized.
4. To get advice for a plan of issuing and how to use the money after issuing.
5. To determine essential scale to mobilize additional source.
6. To consult in determining the expected selling price.
7. To get support from Mirae Asset Securities as in depository, transfering agent, shareholders list management, paying dividends (Mirae Asset Securities provides a programme to manage shareholders list).
8. To be able to get after sale service from Mirae Asset Securities (if client needs to).
