Mirae Asset Securities will invest $158 million, Mirae Asset Capital $21 million, and Mirae Asset Global Investments the remaining $33 million through a private equity fund managed by the Global Investments unit, according to disclosurs issued on Oct. 20 through 21.
The filings didn’t specify where the money was going, only saying it is intended to invest in an overseas corporation with great potential.
Media outlets said the financing was for the Twitter sale.
Friday is the deadline for Musk to close his $44 billion deal to acquire Twitter. The boards of the Mirae Asset companies agreed to raising of capital for the investments in meetings held in May through June.
An anonymous source in the finance industry said that Mirae Asset joined the mega-deal because of the potential of growth for Twitter.
The group has done business with Musk before.
In July, Mirae Asset Securities invested $100 million in SpaceX, a Hawthorne, California-based spacecraft and satellite company founded by the American billionaire.
Shares of Mirae Asset Securities went down 1.29 percent to close at 6,120 won on Tuesday while Mirae Asset Venture Investment, a venture capital firm 61 percent owned by Mirae Asset Securities, gained 0.96 percent to close at 4,200 won. The other Mirae Asset companies are not listed.
Other participants in the Twitter deal include Binance, a cryptocurrency exchange, and Honeycomb Asset Management, a private investment firm.
BY PARK EUN-JEE, JIN MIN-JI [park.eunjee@joongang.co.kr]
