Hanwha General Insurance Decides to Sell Carrot General Insurance Shares for 54.2 Billion KRW
[Asia Economy Reporter Moon Hyewon] Hanwha General Insurance announced on the 11th that it has decided to dispose of all shares (10.32 million shares) of its subsidiary Carrot General Insurance for 54.2 billion KRW. This amount corresponds to 3.7% of its equity capital.
The scheduled disposal date is the 14th of this month.
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The buyer of the shares is Hanwha Asset Management, an affiliate company. Hanwha General Insurance stated that the purpose of the share disposal is "to strengthen financial soundness."
This content was produced with the assistance of AI translation services.
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