Mirae Asset to acquire Japanese brokerage Sanko
Mirae Asset Securities, a major Korean securities firm, said Thursday it will acquire the Japanese brokerage Sanko Securities, in a drive to expand its presence in the Japanese financial sector. In a regulatory filing, Mirae Asset said its board has approved a plan to buy a 100-percent stake in Sanko Securities. The stake will be purchased by the company's U.S. affiliate, Mirae Asset Securities…
Mirae Asset Securities, a leading Korean securities firm, has announced its intention to acquire Japanese brokerage Sanko Securities. This strategic move aims to bolster Mirae Asset's foothold in the Japanese financial sector. The acquisition, which will be finalized by Mirae Asset Securities Holdings, the U.S. affiliate of Mirae Asset, is valued at approximately 47.6 billion won ($35.6 million).
The company plans to invest around 100 billion won into the U.S. affiliate, with the primary objective of expanding operations in Japan.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 2 other outlets
- Mirae Asset to acquire Japanese brokerage Sanko koreatimes.co.kr
- (LEAD) Mirae Asset to acquire Japanese brokerage Sanko en.yna.co.kr
