SonyD's Largest Shareholder Buys 1 Million Shares Off-Market to Stabilize Management Rights... Stake Rises to 11.65%
On the 29th, SonyD's largest shareholder, JY Future Technology Company, announced through a disclosure that it had purchased 1 million common shares of SonyD over-the-counter by the 28th. With this share acquisition, JY Future Technology Company's stake increased from 8.71% to 11.65%.
SonyD stated that with the stabilization of management rights through the expansion of the largest shareholder's stake, it plans to accelerate efforts to strengthen business competitiveness. SonyD is pursuing sales diversification through high value-added new businesses such as used battery recycling, secondary battery packing, and explosive detection and landmine removal robot businesses.
The largest shareholder, JY Future Technology Company, acquired SonyD in August 2021 and has been managing the company steadily for over two years.
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A representative of JY Future Technology Company said, “We plan to further expand our stake through additional paid-in capital increases in the future,” and added, “We sincerely apologize to our shareholders for the concerns caused by the recent share issue.”
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