[Special Stock] Yuil Robotics Rises 24% on Expectations of Major Shareholder Change

Yuil Robotics is showing strong performance in early trading. The news that it signed a call option contract involving a change of the largest shareholder with SK On's U.S. subsidiary is interpreted as driving investor sentiment.

At 9:20 a.m. on the 2nd, Yuil Robotics is trading at 76,700 KRW, up 24.31% (15,000 KRW) compared to the previous day.

Earlier, the industrial robot developer Yuil Robotics announced through a disclosure that CEO and largest shareholder Kim Dongheon signed a call option (put right) contract involving a change of the largest shareholder with SK On's U.S. subsidiary, SK Battery America.

The number of shares subject to the call option corresponds to a 23% stake on a fully diluted basis, with a price set at 28,000 KRW per share. If the call option is exercised within the 5-year option period, SK Battery America, currently the second-largest shareholder, can become the largest shareholder of Yuil Robotics.