Correction of Stock Transfer Agreement Involving Change of Largest Shareholder (Schedule Change)
- Stock transfer agreement: KX Innovation Co., Ltd. (acquirer) acquires 9,126,983 shares (14.01% stake) of CCS Chungbuk Broadcasting from Green BTS Co., Ltd. and Quantum Port Co., Ltd. (transferors). Expected change date: 2026-05-22 (corrected from 2026-05-12).
- Terms: 876.5 won per share, total 8 billion won. Down payment: 600 million won (escrow on 2026.2.26). Balance of 7.4 billion won payable upon Korea Communications Commission approval of majority shareholder qualification and completion of shareholder meeting director/auditor appointments.
- Transferors: Green BTS (7.05%) and Quantum Port (6.96%); Acquirer: KX Innovation (post-change stake 14.01%).
- Acquirer financials (FY2024): Total assets 886.8 billion won, liabilities 443.8 billion, equity 443.0 billion, sales 403.8 billion, net income 97.5 billion (unqualified audit opinion).
- Regulatory approval from Korea Communications Commission pending; change date subject to further adjustment.
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KOSDAQ Filing Information
- Filing: [Correction of Description] Execution of Stock Transfer Agreement Involving Change of Largest Shareholder
- Company: Korea Cable T.V Chung-Buk System (066790)
- Submission: Korea Cable T.V Chung-Buk System Co., Ltd.
- Receipt: 05-07-2026
- Under KRX KOSDAQ Market Division