AVACO Chairman Wi Ji-myeong Plans to Gift 733,863 Shares, Stake to Fall to 10.33%
AVACO's registered executive and major shareholder Chairman Wi Ji-myeong reported a plan to gift 733,863 common shares to Wi Jae-gon on August 21, 2026.
The gift is gratuitous, and after the transaction, Wi's stated ownership will rise from 5.33% to 10.33% due to the reporting formula, but his actual held shares decrease.
This transaction does not involve any capital change or new share issuance, so no dilution to existing shareholders occurs; it is merely a transfer of shares between individuals.
[AI Summary]The controlling shareholder's gift plan signals a change in ownership structure but is a personal asset transfer unrelated to company finances or operations, with limited stock market impact and no dilution risk for existing shareholders.
KOSDAQ Filing Information
Report On Transaction Plan Of Specific Securities By Executives And Major Shareholders