Unison Changes Largest Shareholder to Myungwoon Industrial Development Following Exercise of 16th Convertible Bond

Unison, a company specializing in wind power generation, announced on January 2 that its largest shareholder will change to Myungwoon Industrial Development, a wind power development specialist, following the exercise of conversion rights for its 16th convertible bond (CB) issuance.

After the change, Myungwoon Industrial Development, which had acquired the 16th convertible bond worth 17 billion won issued by Unison in December 2024, will secure a 9.55% stake through the conversion rights exercise, becoming the sole largest shareholder.

Myungwoon Industrial Development is a professional developer engaged in offshore wind power projects. In addition to the Yeonggwang Nakwol Offshore Wind Power Project (364.8MW), currently under construction as the largest in Korea, the company is also promoting several large-scale offshore wind projects, including Yeonggwang Hanbit Offshore Wind Power (340MW), Yeosu Gwangpyeong Offshore Wind Power (808.5MW), and Incheon West Sea Offshore Wind Power (500MW).

As the domestic and international offshore wind power markets enter a full-fledged growth phase, Unison's change in its largest shareholder is seen as more than a simple shift in shareholding structure. It is considered a transition in ownership and governance that takes into account a comprehensive understanding of the wind power industry and the company's mid- to long-term business direction.

A Unison representative stated, "This change in our largest shareholder is a structural transformation that reflects our business direction and industry expertise, and it will provide a more stable foundation for pursuing our mid- to long-term growth strategy focused on offshore wind power."