Woori Financial Group Decides on Comprehensive Stock Exchange for Wholly-Owned Subsidiary (34,589 won per share, 8.69 million new shares)
- Woori Financial Group entered into a comprehensive stock exchange agreement on April 29, 2026 to make Dongyang Life (75.34% stake) a wholly-owned subsidiary
- Exchange ratio based on Woori Financial's reference price of 34,589 won; 8,696,875 new shares to be issued (fractional shares paid in cash)
- Proceeding as a small-scale stock exchange: Woori Financial needs only board approval; Dongyang Life will hold an extraordinary general meeting
- Dongyang Life may terminate the contract if appraisal rights exercised exceed 200 billion won
- Potential merger between Dongyang Life and ABL Life is under review but not confirmed
- As a NYSE-listed company, key schedules may change depending on SEC review
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KOSPI Filing Information
- Filing: [Correction of Description] Report on Major Matters (Decision on Stock Exchange and Transfer)
- Company: Woori Financial Group (316140)
- Submission: Woori Financial Group Inc.
- Receipt: 04-29-2026
- Amended (Refer to related filing)