Suseong Asset Management Increases Stake in Youngwire from 7.16% to 9.20% Driven by Private Exchangeable Bond Conversion and Stock Split
Suseong Asset Management reported its stake in Youngwire as of June 21, 2026, holding 1,436,338 shares representing a 9.20% ownership.
The increase from 7.16% to 9.20% is attributed to the exercise of private 4th exchangeable bonds followed by partial market sales and a 5-to-1 stock split by the issuer.
The filer is Suseong Asset Management together with its specially related party Suseong Asset No.1 Mezzanine New Technology Business Investment Fund, with the purpose of passive investment.
Suseong Asset Management reported total assets of approximately 69.8 billion KRW, liabilities of 8.0 billion KRW, and equity of 61.9 billion KRW. No new capital was raised.
[AI Summary]The increase in Suseong Asset Management's stake in Youngwire is a mechanical result of convertible bond conversion and a stock split, with no new capital injection or change in management control. Dilution is negligible due to the small conversion amount, and further conversion risk is limited as the conversion price exceeds the current market price.