Haram Logistics Plans to Buy 2 Million Shares of Korea Steel Worth 40 Billion KRW via Off-Hours Trade to Stabilize Governance, Boosting Stake to 17.15%
Haram Logistics, a major shareholder holding over 10% of Korea Steel, plans to acquire 2 million common shares at 2,000 KRW per share via off-hours trading from July 27 to August 25, 2026, with a total transaction value of 40 billion KRW, for the purpose of stabilizing governance.
This transaction will increase Haram Logistics' stake from 10.17% to 17.15%, a 6.98 percentage point rise, representing a large block deal equivalent to approximately 7% of total outstanding shares.
The acquisition price is set at the closing price of the day before the report date with no premium or discount, and upon completion, Haram Logistics will hold 4,914,051 shares, strengthening its position as the largest shareholder.
[AI Summary]This additional stake purchase by Haram Logistics signals a strong commitment to governance stability and provides short-term price support. However, the 7% block may reduce liquidity, and market attention is needed on potential further management involvement.
KOSPI Filing Information
Report On Transaction Plan Of Specific Securities By Executives And Major Shareholders