Mirai Capital, a U.S. asset management company, has acquired additional shares in STIC Investments, a domestic private equity (PEF) management firm. Mirai Capital is accumulating shares in domestic listed companies, including Choi Seon STIC and Gabia.
According to the Financial Supervisory Service's electronic disclosure system on the 16th, Mirai Capital purchased 78,000 shares (0.18%) of STIC stock on the market from the 9th until this day. Its equity increased from 12.21% to 12.39%.
Mirai Capital disclosed on August 25, 2023, that it held a 5.01% equity in STIC Investments and has been continuously accumulating shares since then. Amid Mirai Capital's ongoing purchases of STIC equity, there are analyses suggesting a potential management dispute may arise, especially with news of Align Partners, known for its activism, acquiring shares as well.
Align Partners, which is also gathering STIC equity alongside Mirai Capital, holds 6.64% of STIC equity. Combined, the two firms' equity holdings surpass that of the single largest shareholder, Chairman Do Yong-hwan. When the equity of Chairman Do's relatives and other related parties is added, it stands at around 19%.
Previously, Align Partners opposed the agenda for approving the financial statement at STIC's regular shareholders' meeting in March, noting that "the plan for the cancellation of treasury shares held for an extended period has not been clearly presented."
On the same day, Mirai Capital also disclosed the purchase of 29,036 shares (0.11%) of Eusu Holdings and 47,170 shares (0.34%) of Gabia. Its equity in these companies is 14.86% and 15.90%, respectively.