Formetal Largest Shareholder O Se-won Increases Stake to 35.50% via Related Party Open Market Purchases
As of June 30, 2026, the combined stake of largest shareholder O Se-won and 12 specially related persons increased from 35.38% to 35.50%.
The increase resulted from open market purchases of 14,000 shares by related party Jeong Ui-gyeong at an average price of around KRW 2,800.
A pre-existing share collateral agreement for 666,700 shares representing 5.6% held by Oh Ho-seok remains unchanged with an outstanding loan balance of KRW 822 million.
No dilution risk from new share issuances or convertible bonds; the slight stake increase signals management control stability.
[AI Summary]This report is a routine change filing reflecting a minor 0.12% stake increase through open market purchases by a related party. No dilution or capital structure changes are involved. With the existing collateral agreement intact, the event reinforces management control without material impact on stock valuation.