Fine Value Asset Management Reduces Stake in ITEYES from 9.40% to 4.55% via CB Conversion and Open Market Sales, Maintaining Simple Investment Purpose
Fine Value Asset Management reported holding 319,906 shares of ITEYES as of June 30, 2026, reducing its stake from 9.40% to 4.55%, a decrease of 4.85 percentage points.
According to the report, the firm converted 625,390 shares from convertible bonds on January 27, 2026, then sold shares through open market transactions from February to June, with a conversion price of 4,797 KRW, well above the current price of 2,140 KRW.
This filing is a change report under a simple investment purpose, explicitly stating no intention to influence management. The filer is Fine Value Asset Management alone with no special relationships.
The company's total outstanding shares increased to 7,037,189 due to the CB conversion and other factors, with a market capitalization of approximately 15 billion KRW.
[AI Summary]The 4.85%p drop in Fine Value Asset Management's stake signals dilution from CB conversion followed by open market sales, which may exert downward pressure on the stock price given the conversion price premium and the institutional investor's reduced exposure.