AudinFutures "Preparing New Growth Engines Through Major Shareholder Change"

On the 28th, Gubong Industry, an affiliate of Jinyang Construction, a real estate development specialist recognized as a developer through the 'Hillstate' brand in major station areas in Seoul and the metropolitan area, announced that it will become the largest shareholder of Audin Futures.

Audin Futures disclosed on the 24th that CEO Youngwook Choi, the largest shareholder, signed a stock transfer contract for 2 million shares with Gubong Industry for 8 billion KRW. Additionally, on May 31, Gubong Industry signed a paid-in capital increase agreement to acquire approximately 4.42 million new shares (7.3 billion KRW), and upon completion of the capital increase payment, it will become the actual largest shareholder.

According to company officials, "The existing cosmetics business, led by CEO Youngwook Choi, will leverage differentiated technology and the newly secured funds to expand customers based on establishing global sales bases in the U.S., Japan, and other markets. Meanwhile, the largest shareholder will focus on securing business capabilities through sustainable new industries and nurture them as a core axis of growth."