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Crypto

Mirae Asset clears Korbit takeover as Naver-Dunamu tie-up stalls

South Korea’s antitrust regulator approved Mirae Asset Consulting’s plan to buy a 92.06 percent stake in crypto exchange Korbit for about 133.4 billion won, citing Korbit’s low market share. A separate tie-up between Naver Financial and Dunamu has been delayed again, with Naver pushing back key dates. The article cites Upbit’s market dominance, financial regulatory approvals, potential scrutiny of user protection and AML systems, and possible future limits on major shareholders’ stakes.

Crypto

Naver Financial-Dunamu share swap delayed again to year-end

Naver Financial’s timetable to bring Dunamu into its group as a wholly owned subsidiary has been delayed again, pushing the expected completion to year-end. Naver said on Monday it revised its disclosure to change the share swap schedule. The Naver Financial shareholders’ meeting was moved to Nov. 19 from Aug. 18, and the swap date to Dec. 31 from Sept. 30. Related appraisal-rights schedules were also adjusted.

Crypto

Fortitude, a Zcash miner, seeks Nasdaq listing through HeartSciences merger

Fortitude Mining Holdings, a Zcash mining company, is pursuing a share-swap merger with medical technology company HeartSciences. The deal would allow Fortitude to seek a Nasdaq listing without going through a traditional initial public offering. After the merger, the combined company will operate under the Fortitude name and is expected to trade under the ticker TUDE, subject to regulatory approval. HeartSciences’ healthcare business will continue under CEO Andrew Simpson (앤드루 심프슨).