SOLBORN largest shareholder Hong Gi-tae increases stake to 68.25% via open market purchases by related parties
As of the report date July 20, 2026, the combined stake of largest shareholder Hong Gi-tae and his special related parties increased from 65.70% to 68.25%, a rise of 2.55 percentage points.
All 696,153 shares added were acquired through open market purchases by affiliates Al-Age Co., Techheim Co., and Kinemaster Co. at average prices of KRW 3,774, KRW 4,066, and KRW 4,267 per share respectively.
The acquisition funds were entirely from internal corporate earnings with no external borrowing or other financing.
The stated purpose is to maintain management control and exercise influence over corporate decisions including director appointments, capital changes, dividends, and M&A.
[AI Summary]The open market purchases totaling approximately KRW 700 million increased the controlling stake to 68.25% without any dilution from new share issuance or convertible instruments. Self-funded transactions limit financial risk. The impact on stock price is neutral in the near term, with reduced overhang risk and strengthened governance stability.