Correction of change of largest shareholder date to June 5, 8 billion won at 876.5 won per share
Correction of the previous disclosure regarding change of largest shareholder: the expected date changed from May 22 to June 5, 2026.
KX Innovation Co., Ltd. will acquire 9,126,983 shares (14.01%) from Green BTS Co., Ltd. and Quantum Port Co., Ltd. for 8 billion won (876.5 won per share).
The acquisition price (876.5 won) represents a discount of approximately 41% from the current market price (1,493 won), negatively impacting existing shareholder value.
The buyer, KX Innovation, is a financially sound company with total assets of 886.8 billion won and net income of 97.5 billion won.
The expected change date is subject to approval from the Korea Communications and Media Commission and may be further adjusted.
KOSDAQ Filing Information
Filing: [Correction of Description] Execution of Stock Transfer Agreement Involving Change of Largest Shareholder
Company: Korea Cable T.V Chung-Buk System (066790)
Submission: Korea Cable T.V Chung-Buk System Co., Ltd.