Baion Changes Major Shareholder to CTM Corporation
Baion announced on the 3rd that the largest shareholder has changed to CTM Co., Ltd. through a management rights acquisition. CTM and the previous largest shareholder, W Global No.1 Association, signed a stock transfer agreement on November 13 last year.
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The company stated, "The largest shareholder has changed following the payment of the balance by Transferor 1 (W Global No.1 Association) under the stock transfer agreement involving a change of the largest shareholder," and "an executive will be appointed at the extraordinary general meeting of shareholders on the 23rd, but nothing has been finalized yet."
This content was produced with the assistance of AI translation services.
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