[Asia Economy Reporter Ji Yeon-jin] On the 18th, Korea Electric Wire announced that its largest shareholder changed from 'Nike' and three others to 'Hoban Industrial' and three others.


This change in the largest shareholder was an over-the-counter transaction based on a stock transfer agreement, with Hoban Industrial purchasing shares to secure management rights.



On the same day, Korea Electric Wire held an extraordinary general meeting of shareholders and replaced three non-executive directors, three inside directors, and three outside directors.


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