Mirae Asset to Acquire Japanese Brokerage Sanko
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5 Articles
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 Holdings, according to the filing. Mirae Asset said…
연합뉴스-Yonhap News Agency
korean-vibe.com(LEAD) Mirae Asset to acquire Japanese brokerage Sanko
(ATTN: ADDS details in last 2 paras; RECASTS lead para) SEOUL, Oct. 29 (Yonhap)
Mirae Asset Securities is targeting the Japanese market by acquiring Sanko Securities, a subsidiary of Japan's Okasan Securities Group. The plan is to secure a securities business license by acquiring a local brokerage firm that has divested its retail customer business, and to establish a new Mobile Trading System (MTS) and marketing organization. According to the financial investment industry on the 29th, Mirae Asset Securities is acquiring th…
[Digital Daily Reporter Kang Ki-hoon] Amidst Mirae Asset Group Chairman Park Hyun-joo signaling an expansion of overseas mergers and acquisitions (M&A), Mirae Asset Securities is pursuing the acquisition of a Japanese securities firm for approximately 42.5 billion won. The plan is to enter the Japanese market by securing local securities licenses and specialized personnel, and to expand its business scope into exchange-traded funds (ETFs) and as…
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