Inktech has been talking about management rights disputes, so I will write a post.
It is a stake in Inktech based on 3/12.
A month later, 4/1 Miwon Holdings is expected to acquire a 13.3% stake in Inktech.
Yang Jongsang 0.3%
Kim Jeong-don 8.8% + convertible bonds.
Daesol I&T (Miwon Friendship Equity) 12%
-> 기타 전환사채 포함시 35~40% 예상
Existing forces
Jeong Gwan-chun 14.8%
Insoo Yoon 9%
-> 기타 포함시 25~30% 예상
Miwon Holdings is likely to win in a basic shareholder battle.
In addition, Miwon Chairman Kim Jeong-don has recently won many victories as an M%A expert.
Financial statements also recovered considerably as CEO Yang Jong-sang (Miwon side) came in as their respective representatives.
양종상 대표는 미원측에서 M&A할때 공격적으로 상대기업 들어와서 장악.
Perhaps the internal and external atmosphere is also positive for CEO Yang Jong-sang
As such, the 3/30 shareholders' meeting seems to be important.
Kim Jeong-don will soon be elected as the executive director, and Ha Tae-ju (daesol) seems to be retained.
In conclusion
In the long term, it is likely that Miwon Holdings will take over Inktech completely or as a subsidiary through a high stake.
Therefore, if existing shareholders oppose it, the stock price may rise.
Around 3/30 seems to be hot.
It's the old one, so there are some numerical fluctuations, but the equity structure is similar.
Accordingly, it seems that it will increase its stake from Miwon Holdings to Inktech, eventually incorporating it into a subsidiary.
Because Miwon Group's performance is not bad overall, and the management ability of Kim Jeong-don is exceptional.
I think that the mid- to long-term future of Inktech will be okay if it is incorporated as a subsidiary.
Stock price volatility around 3/30, if equity competition intensifies, it will rise significantly.
If you give up at all and hand over management rights, it will soon disappear.
It is a personal analysis that in the mid to long term, it will eventually go into a positive form.
