Kwangmoo Buys More Epicamtech Shares... '100,000 Shares Acquired in a Month'

KOSDAQ-listed company Kwangmoo announced on June 2 that it has acquired an additional 50,000 shares (0.49%) of the unlisted company Epicamtech through an over-the-counter (OTC) transaction.

The purchase price per share was 10,000 won, amounting to a total of 500 million won. The transaction was completed on May 30. As a result, Kwangmoo's stake in Epicamtech increased from 10.29% (1,069,067 shares) to 10.77% (1,119,067 shares).

Kwangmoo had also purchased 50,000 shares of Epicamtech under the same conditions on May 16. Over the course of two OTC transactions within 11 trading days, the company invested a total of 1 billion won, and its stake rose by nearly 1 percentage point.

Epicamtech recently reported results that fell short of expectations due to a temporary decline in demand (chasm). As a result, the OTC price of the unlisted shares has dropped significantly compared to last year's peak. Kwangmoo decided to make consecutive share purchases in a short period of time, judging this as an opportunity.

As of the end of last year, Epicamtech's major shareholders included CEO Lee Sungkwon, the largest shareholder with 16.79% (1,745,190 shares); Pentastone-BM-Aegis New Technology Investment Association with 11.52% (1,197,360 shares); Welcome Capital-Toss New Energy New Technology Investment Association with 6.80% (631,542 shares); and NongHyup Bank (KDB Infrastructure Asset Management) with 5.77% (600,000 shares). With this latest acquisition, Kwangmoo has narrowed the stake gap with CEO Lee to 6.02 percentage points.

This content was produced with the assistance of AI translation services.