Leeno Industrial Plunges 11% After Hours on News of Major Shareholder Stake Sale
by Lee Sungmin
Published 24 Apr.2026 18:59(KST)
Announcement of 7 Million Shares Sale
Equivalent to 9.18% of Total Shares Outstanding
Shares of Leeno Industrial, the sixth-largest company on the KOSDAQ by market capitalization, are plummeting in after-hours trading following news of its largest shareholder's stake sale.
As of 6:57 p.m. on April 24, Leeno Industrial was trading at 111,300 won, down 11% from the regular trading session's closing price of 124,400 won.
On this day, Leeno Industrial announced that CEO Lee Chayoon plans to sell 7 million common shares through after-hours block trading between May 26 and June 24. This amounts to 9.18% of the company's total shares outstanding.
The expected disposal price is 123,300 won per share, based on the previous day's closing price, with the total transaction value recorded at 863.1 billion won. The stated purpose of the transaction is "asset management through the sale of held shares."
Leeno Industrial, a leading domestic semiconductor materials, components, and equipment company, has seen its share price roughly double since the end of last year, buoyed by expectations for a recovery in the global semiconductor industry.
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