On the 18th, Lunit disclosed that it sold 380,334 shares held by seven major shareholders to a U.S.-based long fund management company through a block deal (off-hours large-volume trading).
A company official explained, "Some of the executives involved took out high-interest loans last November to participate in a rights offering," adding, "The stock sale was to repay those loans and for other reasons."
He continued, "In the case of the co-founders, they sold less than 10% of their respective holdings," and added, "The combined stake of the seven major shareholders in Lunit decreased from 11.56% to 10.24%."
The official emphasized, "This was purely for personal reasons such as loan repayment following active participation by executives and related parties in the company's large-scale fundraising plan," and stressed, "It has no relation to the company's growth potential."
The company stated that the executives who sold some of their shares are diligently working as heads of their respective business units. They have achieved notable results in employee development and management, sales growth, and business expansion. Strengthening research and development (R&D) by business unit, developing next-generation new products, and expanding global market entry are also progressing smoothly.
The official said, "We expect Lunit's growth potential to become even more prominent," and added, "Since the U.S.-based long fund, which anticipates stock price appreciation, acquired all the shares, we expect this to lead to long-term investment."
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