Kolon Investment Reduces INNOSPACE Stake by 0.75%p, Maintains Simple Investment Purpose and Realizes Gains from Selling Subscription Rights
Kolon Investment reduced its stake in INNOSPACE from 9.85% to 9.10%, a decrease of 155,308 shares or 0.75 percentage points compared to the previous report.
The decrease resulted from on-market sales and the disposal of subscription rights acquired from a rights offering, sold both over-the-counter and on-market at prices ranging from KRW 1,316 to KRW 2,303, realizing a gain.
During the period, INNOSPACE's total voting shares increased from 22,811,331 to 22,982,175, a 170,844 share increase, causing minor dilution. Kolon Investment maintains its simple investment purpose.
The reporter Kolon Investment has total assets of KRW 83.6 billion, total liabilities of KRW 5.5 billion, and total equity of KRW 78.1 billion. Special relations include Kolon-affiliated funds, Kolon Industries, and Kolon Globaltech.
[AI Summary]Kolon Investment's stake reduction is due to partial sales and profit-taking on subscription rights under a simple investment purpose, with limited direct impact on INNOSPACE's share price but existing dilution from the rights offering.