[Special Stock] Activist Fund Dalton Joins Board of Directors... Kolmar Up Over 9%

Colma Holdings' stock price is showing strength. This appears to reflect investor sentiment expecting enhanced shareholder value following the entry of the U.S. activist fund Dalton Investment into Colma Holdings' board of directors.

As of 9:20 a.m. on the 1st, Colma Holdings' stock price is trading at 10,600 KRW, up 880 KRW (9.05%) compared to the previous trading day.

At the Colma Holdings shareholders' meeting held on the 31st of last month, the agenda including Dalton Investment's proposal to appoint a director was approved as originally planned. Lim Sung-yoon, co-CEO of Dalton Korea, is expected to join Colma Holdings as an outside director.

Previously, Dalton Investment submitted a shareholder proposal to appoint Lim as an outside director at the shareholders' meeting. Following the proposal, Dalton Investment changed its purpose of holding Colma Holdings shares to 'management participation.' They also increased their stake slightly from 5.02% to 5.69% by purchasing additional shares.

Some expect positive factors from the activist fund Dalton. If the activist fund recognizes Colma Holdings as an undervalued company and collaborates to enhance shareholder value, it could actually help improve shareholder value. The stock price on this day is interpreted as reflecting such expectations.