It was confirmed on the 11th that Choi Hyun-man, former chairman of Mirae Asset Securities who stepped down from the frontline during the personnel reshuffle last October, sold his stake in Mirae Asset Global Investments to a family company of Park Hyun-joo, chairman of Mirae Asset Group, for about 45 billion KRW.
According to the financial investment industry, Mirae Asset Consulting resolved at the board meeting held on the 20th of last month to acquire 355,911 shares of Mirae Asset Global Investments from three individual shareholders including former chairman Choi at an off-market price of 152,345 KRW per share.
In this process, former chairman Choi disposed of 2.17% (295,055 shares) of Mirae Asset Global Investments, receiving approximately 44.95 billion KRW.
Mirae Asset Consulting is a company in which Chairman Park and his wife Kim Mi-kyung hold stakes of 48% and over 10%, respectively. With this stock acquisition, the stake in Mirae Asset Global Investments increased to 36.92%.
Former chairman Choi was a key founding figure of Mirae Asset Group, which started in 1997 as a venture capital company with a capital of 10 billion KRW, and played a leading role in growing it into the nation's top financial investment company with 11 trillion KRW in equity capital over 26 years.
During the personnel reshuffle last October, he stepped down from the frontline along with founding members such as Vice Chairman Cho Woong-ki and Vice Chairman Choi Kyung-joo of Mirae Asset Global Investments, and was appointed as an advisor.
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