Kolmar Holdings shares are strong in early trading on the 18th. The participation of the activist fund Dalton Investment (Dalton) in management has been formalized, leading to increased buying pressure.
As of 9:30 a.m. on this day, Kolmar Holdings is trading at 9,660 won, up 380 won (4.09%) from the previous trading day. The stock price of Kolmar Holdings rose 29.97% on the 17th compared to the previous trading day, reaching the upper limit, and has shown strength for two consecutive days.
The U.S. activist fund Dalton has formalized its management participation in Kolmar Holdings, indicating improved buying sentiment.
According to the Financial Supervisory Electronic Disclosure System on the 18th, Dalton announced on the 14th that it would change its purpose of holding shares in Kolmar Holdings from simple investment to management participation.
Additionally, Dalton increased its equity by purchasing over 230,000 shares of Kolmar Holdings, raising its stake from 5.02% to 5.69%. Since October of last year, Dalton has consistently purchased Kolmar Holdings shares, securing a 5% equity stake.
Recently, Dalton is reported to have established a Korean entity, Dalton Korea, and made a shareholder proposal to recommend the representative of Dalton Korea as a non-executive director of Kolmar Holdings.