Dongyang Life Insurance Sells Entire Stake in Woori Financial Group
[Asia Economy Reporter Hwang Junho] Dongyang Life Insurance has sold all of its shares in Woori Financial Group.
Dongyang Life Insurance held a board meeting on the 22nd and decided to dispose of 27.04 million shares of Woori Financial Group, according to a disclosure on the 23rd. The scheduled disposal date is the same day. The number of shares to be disposed of corresponds to 9.7% of its equity capital (3,092,494,000,000 KRW), and the disposal amount is approximately 301.496 billion KRW.
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Dongyang Life Insurance stated that the purpose of the disposal is "to secure investment funds in proactive response to regulatory changes."
This content was produced with the assistance of AI translation services.
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