SUNNY ELECTRONICS CO.,LTD Executive Cha Sangkwon sells entire 5.06% stake to KX Innovation
SAI summary · Not investment advice
Cha Sangkwon's stake in SUNNY ELECTRONICS CO.,LTD fell from 5.06% to 0% after selling 1.88 million shares off-market to KX Innovation at KRW 7,189 per share on November 2.
Stake
0.00%
Previous 5.06% · -5.06%p
Key facts
- Reporting holder
- Cha Sangkwon
- Relationship with issuer
- Registered executive
- Report type
- Change and amendment
- Reason for report
- Disposal of all shares upon closing of the share purchase agreement / Completion of the agreement upon closing / Shareholders' agreement ended as termination conditions were met / Reporting obligation ended as the stake fell below 5%
- Previous stake
- 5.06%
- Previous shares held
- 1,857,873 shares
- Shares held
- 0 shares
- Purpose of holding
- Influence on management control
- Method of change
- Off-market sale
- Reason for change
- Disposal of all shares held by the reporter upon closing of the share purchase agreement
- Reason for amendment
- Completion of the agreement upon closing of the share purchase agreement / The shareholders' agreement lost effect as its termination conditions were met
- Reporting obligation date
- Nov 2, 2026
Commentary
AI commentary · Not investment advice
What happened
Cha Sangkwon, a registered executive of SUNNY ELECTRONICS CO.,LTD, sold the entire holding in the company. The 1,877,873 shares went to KX Innovation at KRW 7,189 per share. It was an off-market sale (a direct trade with a chosen buyer outside the stock exchange). The sale completed a share purchase agreement. A shareholders' agreement (a contract among shareholders) tied to the deal also ended because its termination conditions were met.
In the company's terms
The stake was 5.06% in the previous report and is 0.00% now. The company has 35,507,438 voting shares in total. Before this sale, 20,000 shares were bought on the market on March 9 at KRW 1,501 per share.
Earlier Report on Large Shareholdings filings from this company
| Filed | Reporting holder | Stake | Change |
|---|---|---|---|
| 26.10.012026.10.01 | KX Innovation Co., Ltd. and related parties | 25.38% | New |
| 26.10.012026.10.01 | KX Asset Co., Ltd. and related parties | 0.00% | −20.04%p |
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