[Alpha Biz=(Chicago) Reporter Kim Jisun] Lim Chang-wook, honorary chairman of Daesang Holdings (084690), sold all shares of Daesang (001680) and Daesang Holdings preferred stocks. The sale price is 2.2 billion won, which is said to have been sold for personal reasons.

According to the Financial Supervisory Service's disclosure system on the 11th, honorary chairman Lim sold 43,032 shares of Daesang preferred shares at 19,147 won per share and all 28,688 shares of Daesang Holdings' preferred shares at 46,515 won per share on the 8th. The total sale amount is 2.158 billion won.

"honorary Chairman Lim also sold 190,000 shares (0.53%) of the target ordinary shares in November, but we cannot confirm their exact use because they are for personal use," a Daesang official said. "The preferred shares sold on the same day have nothing to do with management rights as they do not have voting rights."

Combined with the sale in November, the company sold more than 6 billion won in total, but the sale of honorary chairman Lim's stake has little impact on management rights. Daesang Group has major affiliates such as Daesang, Daesang Welllife, Daesang Networks and Daesang Construction through Daesang Holdings, a holding company. Daesang Holdings holds a 38.0% stake in Daesang and has a total of 42.3% stake, including related parties such as the Daesang Cultural Foundation (3.68%), Honorary Chairman Lim (0.15%), and Vice Chairman Lim Se-ryeong (0.44%).

 

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