Endream Plans Open Market Purchase of 699,035 JoyCity Shares to Increase Stake to 34.76%
Endream, a major shareholder of JoyCity, reported a plan to purchase 699,035 common shares on the open market from July 20 to August 18, 2026, for approximately 785.7 million KRW at 1,124 KRW per share.
The purpose is to enhance subsidiary shareholder value, increasing its ownership from 33.76% to 34.76%, a 1 percentage point rise.
This purchase represents about 1% of total outstanding shares, a small transaction that signals confidence from the major shareholder without immediate price impact.
[AI Summary]Endream's additional purchase of JoyCity shares is a small increase in stake that demonstrates long-term commitment and poses no dilution risk to existing shareholders.
KOSDAQ Filing Information
Report On Transaction Plan Of Specific Securities By Executives And Major Shareholders