Kolon Industries Completes Comprehensive Share Exchange with Kolon Globaltech…Establishes Complete Parent-Subsidiary Relationship

Kolon Industries (120110) announced on July 13 that it completed a comprehensive share exchange with Kolon Globaltech, becoming its wholly-owned subsidiary. The transaction complied with relevant laws, including the Capital Market and Financial Investment Business Act and Corporate Act. Kolon Globaltech's shares were exchanged for cash of KRW 222,127 per share, with payments scheduled for July 27, 2026. Kolon Industries acquired 4,074 shares, resulting in consolidated assets of KRW 651.5355 trillion, liabilities of KRW 322.473 trillion, and equity of KRW 329.1282 trillion. Ownership remained unchanged for Kolon Industries' largest shareholder, Kolon, while Kolon Globaltech's parent company increased its stake to 100%. Share purchase rights were not granted to Kolon Industries shareholders, but 29 shareholders exercised rights for 389 shares, with all shares subsequently canceled on July 9. No litigation impacted the transaction's effectiveness. Kolon Industries' 2025 Q4 consolidated financials showed assets of KRW 768.25 trillion, liabilities of KRW 361.75 trillion, revenue of KRW 487.34 trillion, and net profit of KRW 51.6 trillion.