[Alpha Biz= Kim Jisun] Yanolja has become the second-largest shareholder of Modetour by acquiring 5.26% of its shares.


According to a filing on the electronic disclosure system on Wednesday, Yanolja, which held 4.5% of Modetour's shares as of the end of June last year, recently increased its stake to 5.26% through market purchases.


Some analysts speculate that Yanolja might be considering acquiring control of Modetour, as the largest shareholder, Chairman Woo Jong-woong, holds only 10.92% of the company. The recent promotion of Woo's eldest son, Woo Jun-yeol, to president is also seen by some as a move to defend management control.


However, Yanolja clarified that the additional share acquisition is purely for investment purposes.

 

 

 

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