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Hana Bank to Buy 6.55% of Upbit Operator Dunamu for $670M, Closing June 15
Hana Bank plans to acquire a 6.55% stake in Dunamu, the company behind South Korea's largest crypto exchange, Upbit, for about $670 million (1 trillion won). The purchase covers 2.28 million shares from Kakao Investments and is slated to close on June 15. Hana Financial Group said it will fund the all-cash deal using roughly 2.78% of its equity capital.