OCI Changes Largest Shareholder to 'OCI Holdings'... Transition to Holding Company Structure
OCI Holdings' Stake Increases to 33.25%
OCI announced on the 22nd that the largest shareholder has changed from Ihwa-young and 30 others to OCI Holdings and 22 others.
With this change in the largest shareholder, the shareholding ratio of OCI Holdings Co., Ltd. and 22 others is 36.37%. OCI Holdings Co., Ltd.'s shareholding increased from 1.26% to 33.25%.
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The shareholding ratio of Ihwa-young, Chairman of Unid, decreased from 5.43% to 0%. Chairman Ihwa-young is the third son of OCI founder Chairman Lee Hoerim.
![OCI [Photo by OCI]](http://www.asiae.co.kr/news/img_view.htm?img=2023092218304186793_1695375041.jpeg)
The company explained, "The change in the largest shareholder is due to a public tender offer for the transition to a holding company." It added, "OCI Holdings plans to complete the transition to a holding company system within the year and strengthen business competitiveness and discover growth engines under a stable holding company structure."
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