Cham Engineering, Share Purchase Agreement Accompanying Major Shareholder Change ... Worth 53.5 Billion KRW

[Asia Economy Reporter Kwon Jaehee] Cham Engineering announced on the 17th that the largest shareholder Kim Inhan and one related party Kim Gyudong will transfer all registered common shares they hold along with management rights.

The buyer is HB Investment Partners, and the total transaction amount is 53.5 billion KRW. The number of shares sold is 14,627,750 common shares, which accounts for 25.39% of the issued shares.

The company added, "The 'post-change largest shareholder is expected to be a new technology business investment association formed before the transaction closing date, or a party who assumes the buyer's contractual position from the buyer."