Douzone Bizon: Treasury Share Cancellation and Major Shareholder Stake Rises to 95.66%
Douzone Bizon (012510) canceled 2,354,110 treasury shares, reducing total outstanding shares from 31,477,993 to 29,123,883.
The largest shareholder, Doronicum Co., Ltd., increased its stake from 86.96% to 93.98%; combined with Doronicum Singapore, LP (1.68%), total is 95.66%.
Doronicum Co., Ltd. holds 27,371,745 common shares via public tender (1,213,466 shares) and conversion of preferred shares (1,083,173 shares).
Doronicum Singapore, LP acquired 488,141 common shares through open market purchases, now holding 488,141 shares.
All 1,083,173 preferred shares were converted into common shares.
The treasury share cancellation and increased major shareholder stake are positive for per-share value and management stability.
The minority shareholder stake is only 4.34%, raising concerns about liquidity and minority shareholder rights.
KOSPI Filing Information
Filing: [Correction of Description] Report on Change of Ownership of Shares by Largest Shareholder, etc.