Mirae Asset Life Insurance has once again completely denied rumors of a voluntary delisting, which had emerged following the purchase of shares by its group affiliates.

Mirae Asset Life Insurance Again Denies 'Voluntary Delisting Rumors'... Plunges Over 9% in After-Hours Trading View original image

On June 19, Mirae Asset Life Insurance issued an explanatory disclosure, stating, "A voluntary delisting is a matter that the major shareholder could consider. After confirming with the major shareholder and related group companies, we have verified that there has been no review or decision regarding a voluntary delisting."


The company further clarified that the recent series of stock purchases by group affiliates was "based on the independent investment decisions of those affiliates and is unrelated to any voluntary delisting."


The company had similarly denied delisting rumors in December of last year.


Despite these explanations, speculation has persisted in the market that group affiliates may acquire the remaining shares to make Mirae Asset Life Insurance a wholly owned subsidiary, and that the group may subsequently pursue restructuring measures such as selling off shares in the future.



Despite the company's statement, the share price reacted immediately. As of 6:58 p.m. on this day, Mirae Asset Life Insurance was trading at 31,250 won in the after-hours market, down 9.55% from the regular session closing price of 34,550 won.


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