SUNNY ELECTRONICS CO.,LTD KX Innovation files new report as lead holder with 25.38% stake
SAI summary · Not investment advice
KX Innovation Co., Ltd. and related parties filed a new report showing a 25.38% stake in SUNNY ELECTRONICS CO.,LTD and agreed to acquire a 5.29% stake from a registered executive at KRW 7,188 per share.
Stake
25.38%
New report
Key facts
- Reporting holder
- KX Innovation Co., Ltd. and related parties
- Relationship with issuer
- Shareholder
- Report type
- New
- Reason for report
- New joint report due to the change of lead reporter among related parties; report on signing a share purchase agreement
- Shares held
- 9,011,275 shares
- Purpose of holding
- To influence management
- Method of change
- New report
- Reason for change
- Acquisition under a share purchase agreement
- Reason for amendment
- Share purchase agreement and share pledge agreement
- Total under contracts
- 1,877,873 shares
- Reporting obligation date
- Oct 1, 2026
Commentary
AI commentary · Not investment advice
What happened
KX Innovation Co., Ltd. became the new lead reporter for the largest shareholder group of SUNNY ELECTRONICS CO.,LTD and filed a fresh report. The combined stake of affiliates and joint holders is 25.38%. On the same day, KX Innovation agreed to acquire 1,877,873 shares from a registered executive of the company at KRW 7,188 per share, together with management control. The executive agreed to act together with KX Innovation (a joint holder) and is included in the report.
In the company's terms
SUNNY ELECTRONICS has 35,507,438 voting shares in issue. KX Innovation's own holding, including the shares it agreed to acquire, is 3,289,013 shares (9.26%). The shares under the agreement are 5.29% of the company. Acquisition funds total KRW 16.3 billion: KRW 8.3 billion of own funds and KRW 8.0 billion borrowed from a domestic company.
What changes for shareholders
The deal is expected to close on November 2 with the final payment. Until then the shares are pledged to secure the return of the down payment. The filer said the funding may change at final payment. The holding is to influence management.
Earlier Report on Large Shareholdings filings from this company
| Filed | Reporting holder | Stake | Change |
|---|---|---|---|
| 26.11.022026.11.02 | Cha Sangkwon | 0.00% | −5.06%p |
| 26.10.012026.10.01 | KX Asset Co., Ltd. and related parties | 0.00% | −20.04%p |
Show Korean comments
Comments
No comments yet
Comments from shareholders will appear here.
Get the next disclosure as an app alert
Get app alerts for new disclosures and stake changes on your watchlist