Billions acquires 3.97% stake in Tris for approx. 3.125 billion KRW for business diversification... limited impact on shareholder value
Billions resolved on May 27, 2026 to acquire 500,000 common shares of Tris Co., Ltd. for approximately 3.125 billion KRW (6,250 KRW per share) in cash
Post-acquisition, Billions holds 3.97% of Tris, intended for business diversification, not for management control
Acquisition amount represents 12.75% of Billions’ equity (24.518 billion KRW as of end-2025) and 6.42% of total assets
Tris manufactures stainless steel pipes; in 2025 recorded sales of 29.793 billion KRW and net income of 2.037 billion KRW, turning from a net loss of 3.798 billion KRW in 2024
Shares purchased from three individual shareholders (Jung Eun-young and two others); no backdoor listing or further capital increase planned
Initial disclosure incorrectly listed 5 outside directors attending the board meeting; corrected to 2 due to simple error
KOSDAQ Filing Information
Filing: [Correction of Description] Decision on Acquisition of Stocks and Equity Securities of Other Corporations