Sangji Kyleum, Lightron Resume Transactions... Positive Signal for 12 Billion KRW Investment Recovery

[Asia Economy Reporter Jang Hyowon] As Lightron, in which Sangji Kyleum invested through an investment association, resumed trading, a green light has been turned on for the recovery of investment funds, raising expectations for improved financial structure.

Sangji Kyleum, a high-end housing construction company (CEO Kim Youngshin), announced on the 16th that it is about to recover funds invested in Luce Investment Association. The company is the largest investor in Luce Investment Association, which is the second largest shareholder of Lightron Holdings, the largest shareholder of Lightron.

The company initially held a total of 11,550 shares, sold 5,776 shares in the first sale last May, and is currently proceeding with the sale of the remaining 5,774 shares. A company official explained, “We secured 6 billion KRW from the first sale, and plan to complete the second sale by the end of this year to recover all invested funds. With Lightron’s trading resumption, the recovery of investment funds will proceed smoothly, securing a total of approximately 12 billion KRW.”

Lightron’s stock trading was suspended in March 2019 due to a disclaimer of opinion in its audit report. On the 15th, the Korea Exchange KOSDAQ Market Division decided to maintain Lightron’s listing after a review by the Corporate Evaluation Committee, and trading resumed from today.

A Sangji Kyleum official said, “We are focusing on enhancing financial soundness through securing funds via a paid-in capital increase as well as recovering invested funds,” adding, “Based on stable existing businesses, we will achieve visible results through new businesses.”

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