BF Becomes KNKW's Largest Shareholder After 81.7 Billion KRW Deal
BF acquired a 56.89% stake in KNKW, making it the largest shareholder after a share purchase agreement payment on October 12, 2026.
KNKW disclosed that its largest shareholder has changed from BF Eco Materials to BF, following the completion of a share purchase agreement. According to digitaltoday.co.kr, BF acquired 9,113,891 shares of KNKW, representing a 56.89% stake in the company.
The share purchase agreement between BF Eco Materials and BF was signed on October 7, 2026, and payment was made on October 12, 2026, completing the change in largest shareholder. The acquisition purpose is management participation.
The acquisition was funded entirely with 81,751,602,270 KRW of the acquirer's own funds, with no borrowing involved. No plans to appoint or dismiss executives following the acquisition were reported.
About the Companies
BF is a Korean holding company headquartered in Teheran-ro, Gangnam-gu, Seoul, with corporate registration number 110111-1105215. Its largest shareholder is Hong Seok-jo with 31,009,025 shares (32.40%), and CEO Hong Jeong-kook holds 19,878,040 shares (20.77%). Hong Seok-jo has served as a director since March 7, 2007, and Hong Jeong-kook since November 12, 2013.
KNKW was listed on KOSDAQ on September 29, 2009, and operates in the automobile new parts manufacturing industry. As of October 12 at 5 PM, KNKW's stock price was 8,200 KRW, down 840 KRW (−9.29%) from the previous day.
Quick answers
Who is KNKW's new largest shareholder?
BF became the largest shareholder of KNKW after acquiring a 56.89% stake, replacing BF Eco Materials.
When did the largest shareholder change take effect?
The share purchase agreement was signed on October 7, 2026, and payment was made on October 12, 2026, completing the change.
How was the acquisition funded?
The acquisition was funded with 81,751,602,270 KRW of BF's own funds, with no borrowing.