On the 1st, Dentium is strong in the early market. The news that the domestic activist fund management company Align Partners secured equity in Dentium is interpreted as having stimulated investor sentiment.
As of 9:29 a.m. that day, Dentium was trading at 82,900 won, up 16.6% (11,800 won) from the previous day.
The day before, Align Partners announced that it had secured 7.17% equity in Dentium through market purchases from August 21st to 28th. In response, Dentium finished at 71,000 won on the Korea Exchange, rising to 74,600 won in the Next Trade aftermarket, an increase of about 5%.
Jeong Dong-hee, a researcher at Samsung Securities, noted, "Given that the stock price has dropped to a historically low valuation level earlier this year, future intervention by activist funds could provide an opportunity for a stock price reversal," but also advised to be cautious of increased stock price volatility until a strategy for fundamental performance improvement is presented.
The purpose of equity ownership in Dentium posted by Align is "general investment." While "simple investment" refers to a form of investment that exercises only the basic rights guaranteed by law, such as voting rights, subscription rights, and profit distribution claims, "general investment" involves more active shareholder activities without affecting management rights.