Kakao subsidiary Kakao Investment will dispose of part of its equity in Dunamu, the operator of the virtual asset exchange Upbit.
Kakao disclosed on the 15th that Kakao Investment will dispose of 2,284,000 shares (6.55%) of Dunamu it holds for 1.003251468 trillion won. The scheduled disposal date is on the 15th of next month.
After the disposal, Kakao Investment will hold 1,406,050 shares of Dunamu. The equity ratio will fall to 4.03%.
The company said the purpose of the disposal is "to secure future investment resources."
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