Hong Kong Shengda Boosts Softcen Stake to 21.85% via Open Market Purchases, Signaling Confidence

Hong Kong Shengda International Co., Ltd., a major shareholder of Softcen, acquired an additional 247,944 common shares through open market purchases on July 2 and 3, 2026.
This increased its stake from 20.66% to 21.85%, a 1.19 percentage point rise. The acquisition prices were 885 KRW and 990 KRW per share.
The company's total outstanding shares are 20,930,900, and the purchase amount is small relative to the market cap of approximately 17.9 billion KRW. No treasury stock or dividend actions were disclosed.
[AI Summary]The major shareholder's stake increase to 21.85% via market purchases signals insider confidence but does not alter the company's capital structure or allocation, implying a neutral impact on shareholder value and stock price outlook.