Doouzone Bizon Fully Acquired by Major Shareholder Doronicum via Share Exchange

As of June 30, 2026, Doronicum Co., Ltd. increased its ownership of Doouzone Bizon's specific securities from 86.96% to 100.00%, acquiring an additional 1,752,138 common shares.
The share exchange is a cash-delivery type, with 120,000 KRW per share to be paid to minority shareholders on July 15, 2026. This makes Doouzone Bizon a wholly-owned subsidiary of Doronicum, likely leading to delisting.
The exchange price equals the current market price, and there is no dilution from new share issuance or convertible bonds.
[AI Summary]Doouzone Bizon is now fully owned by Doronicum after a share exchange at 120,000 KRW per share. Minority shareholders are cashed out, eliminating upside potential. While capital structure remains unchanged, delisting will reduce liquidity, posing a near-term risk for the stock.