Major shareholder and related parties sell entire stake (29.13M shares at 373 won, total 10.87B won)
The largest shareholder Kim Won-woo and special relations (Kim Su-ah, Nice Investment Partners, Kim Seong-hoon) sold all 29,492,741 shares (42.18% stake) of Seoul Electronics & Telecom in an over-the-counter sale.
The sale price was 373 won per share, approximately a 22% discount to the current market price of 480 won.
Buyers are Daon International Co., Ltd., SIT No.1 Investment Fund, and SIT No.2 Investment Fund, with total proceeds of 10,866,512,393 won.
This results in the former major shareholder losing control and a change to new major shareholders.