[Market Focus] Carry Shares Rise on News of Largest Shareholder Change

As of 9:22 a.m. on August 19, shares of KOSDAQ-listed company Carry were trading at 3,150 won, up 4.48% from the previous day's closing price. This appears to be due to the announcement of a change in the largest shareholder resulting from a third-party allotment capital increase disclosed the previous day. In early trading, the stock price hit the upper price limit before dropping sharply.

The previous day, Carry announced that it would issue approximately 3.45 million new shares through a third-party allotment capital increase worth 10 billion won. The proceeds from the capital increase will be used to improve the company's financial structure and provide operating funds, all aimed at achieving management objectives for business normalization. The payment date for the new shares is set for September 2, and the new shares are scheduled to be listed on September 18.

As a result of this capital increase, the largest shareholder will change to Signiel Asset. The largest shareholder of Signiel Asset is CY Holdings, which owns 55%. Earlier, on August 12, Carry disclosed at an extraordinary general meeting of shareholders that Choi Kangyong, chairman of CY Group and chairman of Bitkmon Virtual Asset Exchange, was appointed as an inside director.

Carry operates a power solutions business, including induction heating inverters and power conversion devices for ship water treatment, and is also engaged in the solar power business through its subsidiary, Willings. In the first half of this year, the company recorded sales of 3.9 billion won and a net loss of 3.5 billion won.