I AM Lee Yeon-yi, No Issues with Major Shareholder Stake Transfer Contract... "New Business Also Progressing Smoothly"

[Asia Economy Reporter Hyunseok Yoo] IM Iyeoni recently announced that the execution of the share transfer contract is progressing smoothly.

An IM Iyeoni official stated on the 28th, “There have been concerns and inquiries from shareholders due to recent changes in the largest shareholder share transfer contract,” adding, “The second installment payment has been completed, and the contract is proceeding according to schedule.”

On the 20th, the share transfer contract originally signed between the largest shareholder Yeoni Holdings and Infinitytude plus two others was changed to Infinitytude plus three others, resulting in no change to the largest shareholder through the share transfer contract.

Some shareholders are concerned that since the largest shareholder has not changed, it may affect new businesses such as the bio business being promoted by the new management.

IM Iyeoni stated that the management rights will still be transferred to Infinitytude, and that Infinitytude personnel were already appointed as board members at the extraordinary shareholders’ meeting last December. Newly appointed director Je Hyunjong also became co-CEO on the 14th of this month.

A representative from Infinitytude, the party acquiring the shares, said, “The final payment is scheduled to be made normally on the 29th as planned.”

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