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Woori Financial Group to acquire remaining Tongyang Life shares in exchange deal

PUBT·04/24/2026 10:10:38
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Woori Financial Group to acquire remaining Tongyang Life shares in exchange deal
  • Woori Financial Group will acquire remaining shares of Tongyang Life Insurance via share exchange, taking Tongyang private as a wholly owned subsidiary.
  • Tongyang shareholders will receive 0.2521056 Woori shares per Tongyang share.
  • Woori plans to issue 8,696,875 new common shares to complete exchange.
  • Share exchange agreement is scheduled for April 29, 2026.
  • Transaction is expected to close on August 11, 2026, with new shares expected to list on August 31, 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Woori Financial Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-174859), on April 24, 2026, and is solely responsible for the information contained therein.