[Alpha Biz= Reporter Kim Jisun] Dalton Investments, a U.S.-based activist fund manager, disclosed on the 6th that it now holds 1.72 million shares, or a 5.02% stake, in Kolmar Holdings, the parent company of Korea Kolmar Group. Dalton classified this investment as a "passive" one.
Dalton’s disclosure was triggered as it crossed the 5% threshold on October 30, becoming a major shareholder and fulfilling regulatory reporting requirements. Dalton has reportedly been steadily acquiring Kolmar Holdings shares on the open market since early this year.
Kolmar Holdings is the parent company of Korea Kolmar, an original design manufacturer (ODM) of cosmetics, as well as other subsidiaries like Yonwoo, a cosmetics packaging company, and Kolmar BNH, a health supplement manufacturer.
While there is speculation that Dalton might push for shareholder-friendly actions, such as dividend increases, share buybacks, or cancellations, no specific activist moves have been made public by Dalton at this time. Dalton has a history of shareholder activism, having previously taken similar actions with Hyundai Home Shopping in 2019, Samyoung Trading in 2020, and SK Group in 2022.
AlphaBIZ Kim Jisun(stockmk2020@alphabiz.co.kr)
