BGF to become KNW largest shareholder with 56.89% stake via 9,113,891-share purchase
Bitget2026/10/07 09:12KNW’s controlling stake will shift to BGF under a signed share sale agreement. BGF will buy 9,113,891 common shares, equal to 56.89% of outstanding stock. Deal values the shares at KRW 81.75 billion, priced at KRW 8,970 per share based on Oct. 7 closing price. Settlement is scheduled for Oct. 12, subject to closing conditions; BGF Eco Materials will exit as largest shareholder. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. KNW Co. Ltd. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261007900577), on October 07, 2026, and is solely responsible for the information contained therein.
- KNW’s controlling stake will shift to BGF under a signed share sale agreement.
- BGF will buy 9,113,891 common shares, equal to 56.89% of outstanding stock.
- Deal values the shares at KRW 81.75 billion, priced at KRW 8,970 per share based on Oct. 7 closing price.
- Settlement is scheduled for Oct. 12, subject to closing conditions; BGF Eco Materials will exit as largest shareholder.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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