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
KOSPI Filing Information
Filing: [Correction of Description] Report on Major Matters (Decision on Stock Exchange and Transfer)