[Public Notice+] Jungbu Corporation, Additional On-Exchange Purchase of Soribada Shares

[Asia Economy Reporter Jang Hyowon] Joongbu Corporation, the largest shareholder of Soribada, announced on the 13th that it has additionally purchased 296,811 shares of Soribada on the open market.

Joongbu Corporation previously became the largest shareholder with a 14.37% stake, holding 12,053,571 shares, by participating in Soribada's third-party allotment paid-in capital increase with approximately 8.1 billion KRW from its own funds and borrowings.

Through this recent open market purchase, Joongbu Corporation has secured an additional 296,000 shares, raising its stake to 14.72%.

A company official stated, "Despite promptly paying the capital increase funds by participating in the third-party allotment paid-in capital increase worth about 8.1 billion KRW, it is very regrettable that the promise was not fulfilled," adding, "We are taking civil and criminal legal actions regarding the breach of the management rights transfer agreement and illegal matters in cooperation with Mega Medical Invest, the party who signed the management rights implementation agreement."

He further said, "We are considering additional open market purchases with external investors for the reconstruction of Soribada, and have already sent a certified letter demanding an extraordinary general meeting of shareholders," adding, "Joongbu Corporation will firmly establish itself as the undisputed largest shareholder of Soribada."

This content was produced with the assistance of AI translation services.