[Featured Stock] DMT Hits Upper Limit for Two Consecutive Days Following Major Shareholder Change

[Asia Economy Reporter Hwang Junho] DMT's stock price surged to the daily limit for the second consecutive day following news of a change in the largest shareholder.

As of 9:40 AM on the 11th, DMT was trading at 5,860 KRW, up 29.93% from the previous trading day, setting a new 52-week high.

The day before, DMT announced that it had signed a stock transfer agreement involving a change in the largest shareholder. The largest shareholder, Homecast, agreed to transfer part of its 3,324,450 shares, specifically 2,384,360 shares (with a par value of 500 KRW per share), to Topco and Yu Jeongseok, the largest shareholder (and current CEO) of Topco, with each receiving 1,192,180 shares (10.60%).

The agreement was signed on the 9th, with a total transfer amount of 20 billion KRW. The transaction closing date and the expected date of the largest shareholder change is scheduled for the 23rd of next month.