Eugene Corporation Acquires 800,000 Additional Shares of Tongyang Inc. Ownership Rises to 26.82% After Treasury Stock Cancellation

Eugene Corporation acquired 800,000 common shares of Tongyang Inc. at 551 KRW per share through an off-hour bulk transaction on June 22, 2026, increasing its total holdings to 57,738,592 shares.
Tongyang Inc. had previously decided on June 2, 2026 to cancel 24,611,979 treasury shares, reducing the total outstanding shares and consequently boosting Eugene Corporation's ownership percentage to 26.82%.
This additional stake acquisition signals the major shareholder's confidence and management interest, posing no short-term dilution risk, but further purchase plans may influence the stock price.
[AI Summary]Eugene Corporation strengthened its largest shareholder position by acquiring 0.37% additional stake in Tongyang Inc. The effective ownership increase after treasury share cancellation is a positive signal, but without further purchase plans, the near-term stock price impact is limited. Investors should monitor subsequent disclosures and potential management involvement.