Han & Co. Dairy Holdings Sells 1.21% Stake in Namyang Dairy to Support Share Buyback and Enhance Shareholder Value
The filer, Han & Co. Dairy Holdings, the largest shareholder of Namyang Dairy, sold 72,802 common shares representing 1.21% of total outstanding shares via open market from April 22 to June 4, 2026.
The sale was executed to support Namyang's share buyback program announced on March 12, 2026, aiming to maintain the filer's ownership percentage and prevent a reduction in free float and trading volume.
After the sale, the filer's holding stands at 60.76%, still maintaining stable control, with all remaining shares pledged or under trust with NH Investment & Securities.
[AI Summary]The large shareholder's minor stake sale is a cooperative move with the company's buyback plan, limiting governance impact while potentially improving liquidity and shareholder value.