Kolmar Holdings' stock price showed a strong increase of about 7% in early trading on the 1st. As the U.S.-based activist fund Dalton announced its intention to participate in the management of Kolmar Holdings, it appears that buying pressure built up with expectations of enhancing shareholder value.
As of 9:52 a.m. on this day, Kolmar Holdings' shares are trading at 10,440 won, an increase of 7.41% (720 won) compared to the previous trading day in the securities market.
Earlier, on the 31st of last month, the proposal for the appointment of directors suggested by the U.S.-based activist fund Dalton was passed at Kolmar Holdings' regular general meeting of shareholders. Kolmar Holdings announced that the proposal to appoint Im Sung-yoon, co-CEO of Dalton Korea, as a non-executive director was approved based on the results of the general meeting.
Dalton previously expanded its ownership stake in Kolmar Holdings from 5.02% to 5.69%, changing its purpose from simple investment to management participation. Dalton noted, "If matters related to the company's operational execution arise in the future, I plan to exercise influence in a manner consistent with the company's management objectives, considering the interests of shareholders and stakeholders."