[Featured Stock] DB PE 'Acquisition Completed' Biktents Hits Record High... Up 25%

Sharp Surge in Stock Price Following Completion of Management Takeover
Up 25% from Previous Trading Day, Hits 52-Week High
Traditional Production Company Celebrates 21st Anniversary This Year

Big Tent, acquired by DB Private Equity (PE), recorded a 52-week high.

As of 9:13 AM on the 4th, Big Tent is trading at 28,800 KRW, up 25.22% (5,800 KRW) from the previous trading day. This surpasses the 52-week high of 25,900 KRW recorded on the 14th of last month, marking a new peak after about a month.

Big Tent announced after the market close on September 27th that the largest shareholder would change from the existing F&F to DB Private Equity (PE). This involves a contract transferring 1,346,969 shares of Big Tent (42.83% stake) held by F&F and 504,505 shares (16.04%) held by Big Tent CEO Jo Yoon-jung to DB PE, Timo Investment Association No.1, KS Investment Association, SJ Investment Association, and JI Investment Association, respectively.

The payment deadlines for the acquirers under the shareholder agreement were September 28th (for CEO Jo Yoon-jung) and the 4th (for F&F). With the completion of full payment by the buyers on the 4th, the change of the largest shareholder and acquisition of management rights were effectively finalized.

Big Tent is a content production company celebrating its 21st anniversary this year. It made a spectacular debut in the industry in 2004 with "What Happened in Bali" and produced numerous hits such as "War of Money" and "The Great Queen Seondeok." However, it faced a management crisis starting in 2017 following the THAAD incident, until F&F acquired Big Tent in 2022. Big Tent also achieved the milestone of transferring from KONEX to KOSDAQ after 10 years. Recently, it produced "Perfect Family," which involved a production cost exceeding 10 billion KRW.