[Featured Stock] Yangjisa, Is a Phantom of No-Offering Attached?.. 'Surge'

[Asia Economy Reporter Hwang Junho] On the 10th, Yangjisa's stock price is hitting the upper limit.

At around 2:16 PM that day, Yangjisa recorded 14,150 won, up 28.64% from the previous day.

Since its establishment, Yangjisa has specialized in producing items such as notebooks, diaries, and notepads. The company's stock price is currently hitting the upper limit without any particular material news. Considering that the stock prices of other publishing-related industries are all falling, it is presumed that there might be an individual issue.

However, it is notable that the designation as an investment warning stock was lifted on the 5th. This was due to the previous incident where a super individual investor secured shares, demanded a bonus issue, and the stock price surged sharply before falling.

Yangjisa's stock price rose 20.00% compared to the previous day on the 21st of last month. Super individual investor Mr. Kim stated that he holds Yangjisa's shares "to influence management rights" and declared that he would "demand a bonus issue, activation of stock trading, other shareholder value enhancements, and voluntary delisting," which caused the stock price to soar. Subsequently, Yangjisa was designated as an investment warning stock.

Afterwards, on the 22nd, Yangjisa responded through a disclosure inquiry by the Korea Exchange, stating, "There is no fact or plan to consider a bonus issue," and "There is no fact or plan to consider voluntary delisting." Regarding this, Mr. Kim said, "My shareholder proposal might cause misunderstandings in the market and be a burden to the company," and "Since the company announced that there is no plan for the shareholder proposal on that day, I will no longer hold the shares with the purpose of influencing management rights but will change it to a simple investment." He added, "As a shareholder of Yangjisa, I will not sell until December 31 of this year as previously disclosed and intend to hold it as a long-term investment."