Hanwha Investment & Securities, Dunamu stake 9.84% expansion…5,978acquired for billion won

Hanwha Investment & Securities 20announced that it held a board meeting and decided to acquire for cash old shares in Dunamu held by Kakao Investment, 136million1,050shares. According to the disclosure, the shares to be acquired are already-issued shares. The acquisition will be made through a cash purchase.

The total acquisition price is 5,978billion4,393million4,600won. The company set the price per share at approximately 43million9,250won. The transaction will be carried out based on this price.

With this purchase by Hanwha Investment & Securities, its stake will expand to 9.84%. The disclosure states that Dunamu has a total of 34,874,317issued shares. The change in its holding following the stake increase is reflected.

Dunamu is the operator of Upbit, the largest virtual asset exchange in South Korea. The article referred to Dunamu’s corporate value at a 15trillion-won valuation. This figure is an assessment based on the per-share price calculated by the company.

In its disclosure, Hanwha Investment & Securities said it would accelerate efforts to strengthen its digital finance capabilities. The shares will be acquired through a secondary share purchase, with Kakao Investment as the seller. The ownership stake after completion of the transaction is scheduled to be disclosed.

This disclosure contains only information related to the decision to acquire shares. The timing of the transaction’s completion and any subsequent disclosures should be confirmed through further company disclosures. Investors are encouraged to check the disclosure documents for details.