Hanwha Life Insurance Acquires Additional 100 Million Shares of Hanwha Asset Management
[Asia Economy Reporter Han Jinju] Hanwha Life Insurance announced on the 28th that it will additionally acquire 100 million shares of its subsidiary Hanwha Asset Management for 500 billion KRW.
After the stock acquisition, Hanwha Life Insurance's stake in Hanwha Asset Management will become 100%. The scheduled date for the stock acquisition is the 4th of next month.
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The company stated, "This is to secure new growth engines for the subsidiary and to enhance the company's financial soundness through strengthening global business."
This content was produced with the assistance of AI translation services.
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