The share price of KOSDAQ-listed THECODI(224060) hit the upper limit (the top of the daily price band) early on the 9th. Buying appears to have surged on news that the broader LG family will acquire THECODI.
At 9:10 a.m. that day, THECODI shares were trading on the KOSDAQ market at 7,610 won, up 29.86% (1,750 won) from the previous session.
A day earlier, on the 8th, news broke that Pantos Corporation, led by Chair Koo Bon-ho of the broader LG family, would become the largest shareholder of THECODI.
THECODI said in a filing that it would change the recipient of a third-party paid-in capital increase worth 7 billion won from K-Sin Growth Equity to Pantos Corporation. If this capital increase is carried out, Pantos Corporation will become the largest shareholder of THECODI. The CEO and largest shareholder of Pantos Corporation is Chair Koo Bon-ho.