IPARK Hyundai Development said it has decided to acquire 21,842,424 shares of Jamsil MICE Co., Ltd. for cash on October 22, 2026.

IPARK Hyundai Development said in a disclosure on October 22, 2026 that it has decided to acquire 21,842,424 shares of Jamsil MICE Co., Ltd. for cash. The company stated that the acquisition amount is KRW 109.2 billion (about KRW 109.2 billion), equal to 3.4% of its equity capital. The company said the purpose of the acquisition is to take part in the private investment project for the Jamsil Sports and MICE complex, and that it plans to acquire the shares in stages through March 31, 2032, the planned date for completing payment of the capital contribution.

1. 01

   The company said it will acquire 21,842,424 shares of Jamsil MICE Co., Ltd. for cash, bringing its holding to 21,845,824 shares, or a stake of 17.6%.

2. 02

   The acquisition amount of KRW 109.2 billion is calculated by multiplying the number of shares acquired by the par value of KRW 5,000 per share. The company said the amount may change depending on financing arrangements and that it will file a correction disclosure if it changes.

3. 03

   The purpose of the acquisition is to take part in the private investment project for the Jamsil Sports and MICE complex. The planned acquisition date is March 31, 2032.

4. 04

   The board approved the decision on October 22, 2026, with 3 independent (outside) directors attending. The company stated that it is a major shareholder of the issuing company.

An AI model translated the Korean summary of this filing into English; every number is carried over from the Korean original. Reference information, not investment advice.

Key figures

Shares acquired

21,842,424 shares

Acquisition amount

KRW 109.2 billion (about KRW 109.2 billion)

Ratio to equity capital

3.4%

Stake after acquisition

17.6%

Planned acquisition date

March 31, 2032

Issuing company's capital

KRW 620.62 billion (about KRW 620.6 billion)

Filing facts

Filing type

Investment

Report name

Decision on Acquisition of Shares in Another Company

Filed

Oct 22, 2026

Receipt number

20261022800176