[Special Stock] Artist United Plummets on Lee Jung-jae's Stake Sale

Content company Artist United is plummeting after actor Lee Jung-jae, the largest shareholder, sold shares held by his special associates.

As of 11:25 a.m. on the 24th, Artist United is trading at 16,280 KRW, down 10.09% from the previous day.

Artist United is a KOSDAQ-listed company, Wider Planet, which has been operating an artificial intelligence (AI) big data platform business. It was acquired by actors Lee Jung-jae and Jung Woo-sung in December last year and subsequently changed its name to the current one.

On the previous day, Lee Jung-jae disclosed that he sold 216,007 shares of the company held by his special associates (Koo Kyo-sik and Jung Soo-dong) on the market.

The combined shareholding ratio of Lee Jung-jae and his special associates decreased from 38.65% to 37.04%.