FutureStream Networks "Currently Pursuing Sale of Major Shareholder Stake, Nothing Confirmed"
[Asia Economy Reporter Yoo Byung-don] Future Stream Networks announced on the 24th regarding the rumors of the largest shareholder's stake sale, stating, "After confirming with Yellow Digital Marketing, the largest shareholder, we received a response that while the sale of the company's shares is being considered, nothing has been concretely decided yet."
This is a follow-up response to the related inquiry disclosure request from the Korea Exchange in February. The company explained, "We will re-disclose when specific details are decided or within one month."
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The deadline for the re-disclosure is until the 24th of next month, and as of last month, Yellow Digital Marketing holds 44.52% of the company's total shares.
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