Shin Dong-guk Acquires Additional 5.27% Stake in Hanmi Science for 172.7 Billion Won

According to Seoul Economic Daily, on July 8, Shin Dong-guk, chairman of Hanyang Precision, contracted to purchase 5.27% of Hanmi Science (3.6 million shares) for 172.7 billion won from relatives of the company's founding family. The acquisition price per share is 47,920 won, with delivery scheduled for July 7–11. Upon completion, Shin's direct stake in Hanmi Science will rise to 28.15%, or 35.1% when combined with his 6.95% holding in Hanyang Precision. The move narrows the stake gap between Shin's faction and the founding family to 5.76 percentage points.
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