Sh Suhyup Bank Completes Acquisition of Trinity Asset Management

President Shin Hakgi: "We Will Lead the Capital Market by Creating Synergy with the Bank"

On September 29, Sh Suhyup Bank announced through a public disclosure that it has completed the acquisition process of Trinity Asset Management.

Previously, Sh Suhyup Bank's board of directors approved the acquisition of Trinity Asset Management, and on September 18, the bank signed a stock purchase agreement (SPA) with SK Securities. By acquiring 100% of the common shares issued by Trinity Asset Management (605,000 shares) and paying the full acquisition price, the bank has finalized the incorporation of Trinity Asset Management as a subsidiary.

Shin Hakgi, President of Sh Suhyup Bank, stated, "As we have successfully completed the acquisition of a non-banking subsidiary, which we have been pursuing since 2023 to diversify our business portfolio, we will foster Trinity Asset Management to become a leading asset management company in the capital market by creating synergy with the bank going forward."

He added, "With this acquisition of an asset management company, we will strengthen our sustainable growth strategy by expanding our financial investment-related businesses and improving our profit structure."

This content was produced with the assistance of AI translation services.