[Featured Stock] DMT Hits Upper Limit After Major Shareholder Change

[Asia Economy Reporter Park Soyeon] DMT, which has changed its largest shareholder, has risen to the trading limit.

As of 9:28 a.m. on the 10th, DMT is trading at 4,510 KRW on the KOSDAQ market, up 1,040 KRW (29.97%) from the previous day.

On this day, DMT disclosed that it signed a stock transfer agreement involving a change of the largest shareholder. The largest shareholder, Homecast Co., Ltd., signed a stock transfer agreement to transfer 2,384,360 shares (with a par value of 500 KRW per share), which is part of the 3,324,450 shares it holds, to Topco Co., Ltd. (1,192,180 shares) and to Yoo Jungseok (1,192,180 shares), respectively. The contract signing date is November 9, and the total transfer amount is 20 billion KRW. The buyer, Yoo Jungseok, is the largest shareholder of Topco and the current CEO.

DMT, established in 2008, operates with the business objectives of developing satellite broadcast receivers, broadcasting equipment, and developing, manufacturing, and selling digital video recording system software.

The company has secured KT Skylife, a domestic satellite broadcasting operator, as a client, laying a foundation for stable growth, and is striving to expand into the U.S., Asian, and European markets.

Its market capitalization is 50.7 billion KRW, ranking 1,333rd on the KOSDAQ.

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