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Mirae Asset Daewoo to inject 310B won into Hong Kong unit

South Korea's Mirae Asset Daewoo Co. Ltd. plans to inject 310.10 billion won into its Hong Kong-based securities unit.

Mirae Asset Daewoo said in a Jan. 31 disclosure that it will inject the capital into Mirae Asset Securities (HK) Ltd. by purchasing 2,239,750,000 shares of the unit in a rights issue. The company has not yet finalized a date for the capital injection.

The proposed capital injection would allow the South Korean company to increase the capital of its unit in India through Mirae Asset Securities (HK).

As of Jan. 31, US$1 was equivalent to 1,068.64 South Korean won.