D.O. Sells Shares to Director Hong Seongbeom of the 'Hugel Myth'

[Asia Economy Reporter Hyungsoo Park] Hong Seongbeom, founder of Hugel, has become the largest shareholder of Dio.

Dio announced on the 14th that Hong's side will acquire 2,416,146 shares of existing and new stocks held by the current largest shareholders, including Dio Holdings.

Overseas implant companies and private equity funds expressed interest in acquiring Dio. The existing largest shareholders seem to have judged that Hong Seongbeom's expertise in the medical and healthcare sectors, demonstrated through Hugel's growth, will help Dio's growth.

Since 2014, Dio has launched the world's first digital implant guide system 'DIO Navi,' DIO Navi Full Arch for edentulous patients, and a new prosthesis manufacturing method called the 'Eco System.' They expect synergy effects with Hong's overseas sales capabilities.

With investment holding company Sesim taking the lead in the acquisition, a stable management system has been established. A Dio official said, "The current management can maintain the management system by continuously holding a certain stake," adding, "We will focus solely on growth under a stable governance structure."

Hong Seongbeom opened the cosmetic surgery hospital 'Shanghai Seoul Lee Geu' in Shanghai, China, in 2014 and developed it into one of the top three in Shanghai. As a medical industry expert, he is said to have focused on Dio's high growth potential based on the implant market and technological capabilities.

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