The largest shareholder of SONOKONG has changed to HK Mobility Company, raising 25 billion won through a capital increase and the issuance of convertible bonds (CB).
According to the Financial Supervisory Service electronic disclosure system (DART) on the 19th, HK Mobility Company participated in a 5 billion won third-party allocation capital increase conducted by SONOKONG and entered into a stock transfer agreement with the existing largest shareholder, becoming the largest shareholder (equity ratio 15.16%). The previous largest shareholder, H2 Partners Co., Ltd., remains the second largest shareholder (equity ratio 10.37%).
SONOKONG used 16 billion won out of the 20 billion won raised through CB for the remaining payment for a property of about 510 pyeong located in Nonhyeon-dong, Gangnam-gu, Seoul. The remaining 4 billion won and the 5 billion won secured through this capital increase are planned to be used for operational funds.
SONOKONG plans to utilize funds primarily for securing stock and new offline outlets as the next-generation game console from Nintendo, 'Nintendo Switch 2', which was re-released after eight years, is showing sales performance that exceeds expectations.
A SONOKONG official noted, "Following the stable payment of the 12th and 13th CB (each 5 billion won) scheduled for the 27th, we will accelerate the strengthening of existing toy businesses and the advancement of new ventures."