Pearl Abyss Decides to Sell All Shares of Subsidiary CCP ehf. (Financial Structure Improvement)
Decision to sell all shares (10,973,763 shares) of subsidiary CCP ehf. held by subsidiary Pearl Abyss Iceland ehf. for KRW 177.132 billion (USD 100M cash + USD 20M token rights)
Sale amount equals 15.4% of parent company (Pearl Abyss) consolidated total assets (KRW 1.149 trillion)
Purpose: improve financial structure and increase management efficiency
Expected transaction closing date: 2026-05-06 (subject to change)
Total assets of subsidiary Pearl Abyss Iceland ehf. are 28.9% of parent's consolidated total assets (KRW 331.92 billion)
KOSDAQ Filing Information
Filing: Decision on Disposal of Stocks and Investment Securities in Other Corporations (Major Management Matters of Subsidiary)