GABIA Signs Stock Transfer Agreement for 24.37% Stake to DCK Investment, Triggering Change of Largest Shareholder

GABIA has entered into a stock purchase agreement to transfer 3,270,248 shares representing 24.37% of total outstanding shares from existing largest shareholder Kim Hong-kook and two others to DCK Investment Co., Ltd.
The transfer price is 48,000 KRW per share totaling 156.97 billion KRW, representing a 46% premium over the current market price of 32,800 KRW.
This transaction involves a change of the largest shareholder and is contingent on the successful completion of a tender offer for at least 3,267,629 shares 24.3% with the closing expected on October 8, 2026.
The entire consideration will be paid in cash with no lock-up period for the transferred shares.
[AI Summary]This contract represents a change of control transferring all shares from the incumbent largest shareholder to DCK Investment, a newly established investment entity with no operating history or disclosed business plan creating significant uncertainty. While the high premium of 48,000 KRW per share is positive for selling shareholders there is no direct capital inflow for the company and future strategic direction remains unclear requiring close monitoring.