According to beincrypto, Dunamu, the parent company of South Korea's largest cryptocurrency exchange Upbit, and payment platform Naver Financial plan to announce a merger on November 27. The boards of directors of both parties will approve the all-stock exchange transaction on the 26th. The estimated exchange ratio is 1:3. After the transaction is completed, Dunamu will become a wholly-owned subsidiary of Naver Financial.
After the merger, Dunamu's major shareholders will own nearly 30% of the new company, and Naver's shareholding will be reduced from 69% to 17% but retain operational control. The transaction values Naver Financial at approximately 5 trillion won and Dunamu at approximately 15 trillion won.
Upbit parent Dunamu will merge with Naver Financial, expected to receive approval on Wednesday
2025-11-24 02:16:55
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
BNB breaks through $850Next article：
Spot gold lost $4,050/ounce, down 0.39% on the day.
