[Market Focus] Millie Capital Increases Stake... Stick Investment Surges Over 9%

On September 12, Stick Investment is showing strong performance. This comes as the U.S.-based asset management firm, Millie Capital, has increased its stake in Stick Investment, signaling a potential shift in the company's management structure.

As of 10:45 a.m. on this day, Stick Investment is trading at 11,920 won, up 1,080 won (9.96%) from the previous trading day.

This is interpreted as investors' interest intensifying after Millie Capital increased its stake in Stick Investment, bringing it close to the stake held by Chairman Do Yonghwan, the largest shareholder.

According to the Financial Supervisory Service's electronic disclosure system on September 11, Millie Capital increased its holdings in Stick Investment to 5,543,547 shares. Its stake rose to 13.30%, up 0.1 percentage points from the previous reporting date. Chairman Do's personal stake stands at 13.46% (18.99% including related parties).

The treasury shares held by Stick Investment account for 13.52% of the total number of issued shares. Activist funds such as Millie Capital and Align Partners, along with minority shareholders, are demanding that all treasury shares be canceled to enhance corporate value.

In its semi-annual report, Stick Investment stated, "We are actively considering the introduction of a stock-based compensation system utilizing treasury shares."