Mirae Asset to acquire Japanese brokerage Sanko

Mirae Asset Securities Co., a major South Korean securities firm, said Thursday it will acquire the Japanese brokerage Sanko Securities Co., in a drive to expand its presence in the Japanese financial sector. In a regulatory filing, Mirae Asset said its board has approved a plan to buy a 100-percent stake in Sanko Securities. The stake will be purchased by the company's US affiliate, Mirae Asset Securities Holdings, according to the filing. Mirae Asset said the acquisition was worth some 47.6 bi

Source: The Korea Herald