Major Shareholder Kim Joonyoung Withdraws Plan to Buy 425,079 Shares of Hanchang Paper Due to Market Price Change Over 30%, No Impact
Major shareholder Kim Joonyoung reported a plan to acquire 425,079 common shares of Hanchang Paper at 1,882 KRW per share via open market purchase, but withdrew the plan on June 16, 2026 due to a market price change exceeding 30% from the closing price before the report date.
With the withdrawal, no actual transaction occurs, leaving the total outstanding shares of 11,933,497 unchanged, with no capital expansion or dilution effect.
Since the plan was not executed, there is no direct impact on shareholder value, but the removal of an insider buying signal may introduce uncertainty regarding the stock price outlook.
[AI Summary]The withdrawal of the major shareholder's open market purchase plan results in no capital change and is neutral for shareholder value. While the withdrawal due to market conditions may negatively affect investor sentiment, the absence of actual transaction limits financial impact.
KOSPI Filing Information
Report on Withdrawal of Transaction Plan for Specific Securities by Executives and Major Shareholders