On the 5th, SOLUM shares are strong in early trading. The news that the domestic activist fund management firm Align Partners secured a stake in SOLUM is interpreted as the reason for the buying momentum.
As of 9:15 a.m. on this day, SOLUM is trading at 19,270 won, up 2,850 won (17.36%) compared to the previous trading day in the securities market.
The previous day, Align Partners announced that it secured 8.04% equity in SOLUM through market purchases from the 27th of last month to the 3rd of this month.
The purpose of holding equity is "general investment." "General investment" refers to a more proactive shareholder activity that does not affect management rights, as opposed to "simple investment," which only exercises basic rights guaranteed by law, such as voting rights, preemptive rights, and claims for profit dividends.
Meanwhile, in July of this year, VIP Asset Management, which claims to be a friendly activist, also announced that it expanded its stake in SOLUM to 7.99%.