Danawa Changes Major Shareholder to Korea Center

[Asia Economy Reporter Lee Jung-yoon] Danawa announced on the 28th that the largest shareholder has changed from Seong Jang-hyun and four others to Korea Center.

After the change of the largest shareholder, Korea Center's stake in Danawa is 51.29%. The purpose of acquiring the shares is management participation, and the acquisition funds were raised through 197.92626 billion KRW of own funds and 199.999996758 billion KRW of loans from Korea E-commerce Holdings.

The company explained, "The change of the largest shareholder is due to the closing of the stock purchase agreement concluded on November 26, 2021, between Seong Jang-hyun and three others and Korea Center."