Exion Group Changes Largest Shareholder to New Pacific Investment Union via 6 Billion KRW Third-Party Allotment Capital Increase, Securing 35% Stake for Management Normalization
Exion Group completed a third-party allotment capital increase on July 14, 2026, resulting in a change of its largest shareholder from Inopian Co., Ltd. to New Pacific Investment Union.
New Pacific Investment Union acquired 5,004,170 new shares at a total of 6 billion KRW from self-funds, representing a 35% stake in the enlarged share capital.
The capital increase caused significant dilution for existing shareholders, with the former largest shareholder's stake falling from 10.13% to 6.58%.
The new shares are subject to a one-year lock-up from the listing date, and the stated purpose of the acquisition is management normalization and participation.
New Pacific Investment Union is a civil law partnership with three members, and its representative member Yoon Joo-sik has been appointed as a director of the company.
[AI Summary]Exion Group underwent a major change in control through a 6 billion KRW third-party allotment capital increase with severe dilution. The new largest shareholder aims to normalize management, but the lack of disclosed financials and track record raises governance concerns.