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Mirae Asset Daewoo to inject $300mn to strengthen its US presence
Collected
2017.08.01
Distributed
2017.08.02
Source
Go Direct
Mirae Asset Daewoo Securities, one of South Korea’s top brokerage houses, said it will dole out $300 million to expand its American operations based in Los Angeles.

Mirae Asset Daewoo Securities said in a Monday regulatory filing that it will acquire more than 2.3 billion new shares from its Mirae Asset Hong Kong for about 333.75 billion won.

Mirae Asset Hong Kong will put the full money into its wholly owned subsidiary Mirae Asset Wells Management USA, the American operation of Mirae Asset Daewoo Securities.

By Shin Heon-chul

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[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]

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