Change of Largest Shareholder: Sale of 29,132,741 shares at 373 won (approx. 10.9 bln won)
- Largest shareholder Kim Won-woo and two others signed an agreement to transfer 29,132,741 shares (pre-stock split) to Daon International and two others at 373 won per share (total approx. 10.9 billion won)
- Buyers: Daon International (14.90%), SIT No.1 Investment Association (13.48%), SIT No.2 Investment Association (13.48%)
- After transfer, Daon International is expected to become the largest shareholder (14.90%) (expected date: 2026-05-28)
- The sale price (373 won) represents a 22.3% discount to the current market price (480 won)
- Daon International was established in July 2025 with capital of 30 million won and total assets of 388 million won
- This transaction occurs during a 5:1 stock split; shares will be transferred after the split
- No lock-up period
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KOSDAQ Filing Information
- Filing: Stock Transfer Agreement Involving Change of Largest Shareholder
- Company: Seoul Electronics & Telecom (027040)
- Submission: Seoul Electronics & Telecom
- Receipt: 05-21-2026
- Under KRX KOSDAQ Market Division