GC Partners and its special relation entity GC1 Union hold 6,035,003 shares (39.99%) and convertible bonds representing 1,826,484 shares (12.10%) of SANIGEN, totaling 52.10% ownership.
GC Partners acquired 6,035,003 shares at KRW 1,657 per share via a third-party allotment (total approx. KRW 10 billion, self-funded).
GC1 Union acquired convertible bonds for 2,283,105 shares (KRW 2,190 per share, total KRW 5 billion), then sold 456,621 shares, holding the remaining 1,826,484 shares.
The purpose of the report is to influence management, indicating intent to participate in major decisions such as director appointments.
This acquisition changes the largest shareholder to GC Partners, diluting existing shareholders' stakes.