Korea Technology Acquires Additional Shares from Major Shareholder...Expecting Management Stability

[Asia Economy Reporter Lee Seon-ae] The largest shareholder of Hanguk Technology has acquired shares to enhance shareholder value.

Hanguk Technology announced on the 2nd that Kim Yong-seok, CEO of Hanguk Innovation, the largest shareholder, newly acquired 1,849,365 shares of Hanguk Technology to enhance shareholder value.

Accordingly, the shares of Hanguk Technology held by Hanguk Innovation and related parties including the CEO increased from 36,571,898 shares (26.39%) to 38,421,263 shares (27.73%).

Previously, Hanguk Innovation acquired 13 billion KRW of the 22nd series convertible bonds issued last year, demonstrating its commitment to the management and shareholder value enhancement of Hanguk Technology. The company plans to additionally purchase shares if necessary to stabilize management control.

A company official explained, "This share acquisition reflects the largest shareholder's commitment to enhancing shareholder value," adding, "The increase in the major shareholder's stake can not only stabilize the stock price but also strengthen governance and stabilize management control."

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