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In 2002, the KDIC sold approximately 12 percent of the voting shares of WFH in a public offering, and it now owns approximately 88 percent of WFH. The transaction is also supported by a letter of commitment by KDIC relating to certain asset representations and warranties given by HMSF. The transaction is also supported by a letter of commitment by KDIC relating to certain asset representations and warranties to be given by HMSF. |
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