RevuCorporation Treasury Stock Cancellation Boosts Largest Shareholder Stake, Minor Changes from Insider Resignation and Open Market Sales

Global Connect Platform Private Investment reported changes in its shareholding as the largest shareholder of RevuCorporation. RevuCorporation cancelled 327,943 treasury shares reducing total outstanding shares to 10,809,817 and increasing the reporter ownership ratio from 57.07% to 58.55%. This cancellation is a positive capital policy enhancing existing shareholder value.
Among special relationship persons CEO Song Insang resigned on April 28, 2026 and disposed of all his shares while another special relationship person Kim Joo-oh sold 10,000 shares through open market sales. Consequently the number of special relationship persons decreased from five to four.
The reporter has a shareholder agreement with LG U+ and Daou Technology granting a right of first refusal and tag-along rights. While there is no current plan to influence management the reporter will make decisions as a shareholder aligned with company objectives in the future.
[AI Summary]RevuCorporation treasury stock cancellation reduces share count and increases per-share value a positive factor while the largest shareholder increased stake strengthens management stability. The small-scale sales by special relationship persons have limited impact on stock price. Overall a credible institutional investor remains as the largest shareholder indicating sound governance.