KENDEKW's Largest Shareholder BGF Eco Materials Increases Stock Ownership by 2.75 Percentage Points

BGF Eco Materials, the largest shareholder of KENDEKW (105330), reported on July 22 that its stock ownership ratio increased to 70.69% due to a conversion price adjustment. The entity now holds 16,656,506 shares, up 2,022,633 shares from its previous report on April 24, 2026. The conversion price adjustment reduced the conversion price of BGF Eco Materials' KENDEKW convertible bonds from KRW 9,058 to KRW 6,629 per share, increasing the convertible bond-based stock holdings. KENDEKW's consolidated financials as of December 2025 show total assets of KRW 267.1 billion, liabilities of KRW 145.1 billion, equity of KRW 122.1 billion, revenue of KRW 81.1 billion, operating loss of KRW 3 billion, and net loss of KRW 5.8 billion. The company, listed on the KOSDAQ in September 2009, operates in the automotive parts manufacturing sector. On July 22, 2026, its stock closed at KRW 6,070, down KRW 70 (-1.14%) from the previous day.