[Market Feature] Bistos Surges as CU Medical Systems Completes Final Payment and Secures Stable Management Control

Bistos is showing strong performance. This is believed to be due to the news that CU Medical Systems, which signed an acquisition agreement with the company in November last year, has completed the final payment and held a shareholders' meeting, finalizing the transfer of management rights.

As of 1:18 p.m. on January 21, Bistos was trading at 1,267 won, up 18.41% from the previous day.

According to the Financial Supervisory Service's electronic disclosure system, Bistos announced the previous day that its largest shareholder had changed from Lee Hoojeong and three others to CU Medical Systems. CU Medical Systems now holds 7,789,160 shares, representing 33.88% ownership.

The transaction for the largest shareholder's stake, which was signed in November last year, was completed with the final payment made the previous day. In addition, with the appointment of CU Medical Systems' personnel at an extraordinary shareholders' meeting, the transfer of management rights proceeded smoothly.