[Market Highlight] Dentium Surges Over 5% on Align Partners' Stake Purpose Change Announcement

Gabia and SoluM Also Rise Together

On the morning of the 29th, Dentium showed strong performance in the early session of the Korea Exchange. This appears to be influenced by news that the activist fund Align Partners has changed the purpose of its stake in Dentium.

As of 10:10 a.m. on this day, Dentium shares were trading at 59,300 won, up 5.89% compared to the previous trading day. The stock opened at 59,000 won and at one point during the session surged to 60,600 won.

The previous day, Dentium announced that its major shareholder, Align Partners, had changed the purpose of its stake from "general investment" to "influencing management rights." Align Partners is the second-largest shareholder with an 8.16% stake, following Jeong Seongmin, Director of Dentium Dental Clinic and the largest shareholder (holding 17.34%). Since April, Align Partners and its special affiliates have increased their shareholdings through on-market purchases by 10,796 shares (0.1%) and 98,411 shares (0.89%), respectively.

However, a representative from Align Partners stated, "Although there is an intention to take actions related to influencing management rights at Dentium in the future, no concrete plans have been established as of yet."

In addition, Align Partners has also changed the purpose of its stake in Gabia and SoluM from general investment to influencing management rights, and these stocks are also showing strong performance at the same time. Gabia is trading at 28,900 won, up 10.73% from the previous trading day, while SoluM is up 0.44% at 18,330 won.