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following on from yesterdays note , Shinhan Bank has announced it is acquiring a 99 % stake in Indonesia 's Makinta Securities , after receiving regulatory approval . With its speciality in investment banking , it has an underwriting capability that allows it to perform the issuance of new shares , IPOs , and capital increase ; Makinta has a paid - in capital of $ 14.2 billion . This is in line with Shinhan 's ongoing expansion strategy .