[Special Stock] Dragonfly Changes Major Shareholder to City Labs... Expectations for Management Normalization Increase↑

[Asia Economy Reporter Jang Hyowon] Dragonfly's stock price is on the rise. It is interpreted that expectations for management normalization have been triggered by the news that 'Citylabs,' a blockchain smart city integrated platform company, became the largest shareholder of Dragonfly through a third-party allotment paid-in capital increase.

As of 9:58 AM on the 10th, Dragonfly is trading at 936 KRW, up 9.72% from the previous trading day.

The day before, Dragonfly announced that it would raise 6 billion KRW for acquiring securities of other companies and 1.5 billion KRW for operating funds by participating in Citylabs' paid-in capital increase, acquiring a 14.87% stake.

Through this third-party paid-in capital increase, Dragonfly plans to accelerate efforts to enhance corporate value along with the anticipated change of the largest shareholder. Additionally, it is expected to have a positive impact as the longstanding issues with the previous largest shareholder have been resolved.

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