Mirae Asset Consulting decided to purchase approximately 26.91 million Korbit shares for 133.5 billion won, increasing its ownership stake to 92.06% after the transaction.
The unit, part of Mirae Asset Group, stated that it will leverage digital assets and cryptocurrencies to drive future growth and expects to acquire all related shares from existing shareholders.
- Mirae Asset purchased 26.91 million Korbit shares, worth 133.5 billion won.
- The expected ownership stake will reach 92.06% after the transaction.
- Expected to acquire all shares from NXC and SK Group.
Details of the transaction and ownership percentage.
Mirae Asset Consulting will spend 133.5 billion won to purchase approximately 26.91 million Korbit shares, representing a 92.06% ownership stake upon completion of the transaction.
The transaction, as detailed in the February 13th announcement, reveals Mirae Asset Consulting's overwhelming control over Korbit following the acquisition. With 92.06% of the shares, the company holds virtually the power to decide on key issues, subject to the voting structure and the rights of the remaining shareholders.
The plan also includes acquiring shares from shareholders such as NXC and SK Group, aiming to consolidate ownership. The information does not specify the purchase price for each shareholder or the completion date, but emphasizes the intention to acquire almost all of Korbit.
Cryptocurrency strategy and growth targets
Mirae Asset stated that it will leverage digital assets, including cryptocurrencies, as a driver of future growth.
This statement links the increased ownership stake in Korbit to a long-term strategy based on digital assets. Korbit is an entity involved in the cryptocurrency market, so the transaction can be interpreted as a step to strengthen its capacity to access infrastructure, users, or products centered around cryptocurrencies within the Mirae Asset Group ecosystem.
The company also expects to acquire all related shares from shareholders such as NXC and SK Group. Acquiring nearly 100% of shares typically simplifies governance and accelerates strategy implementation, although further steps were not disclosed in the original document.
