Humax to Raise 5 Billion Won via Third-Party Share Issue to J2B

Humax has decided on a third-party allotment rights issue of 939,849 common shares to its affiliate J2B to raise 5 billion won in operating funds, according to digitaltoday.co.kr. The issue price is 5,320 won per common share, against a par value of 5,000 won.

The subscription date is October 26, 2026, and the payment date is October 28, 2026. The new shares are scheduled to be listed on November 12, 2026.

The funds will be used for product purchases, wage payments and corporate operating expenses, with 1 billion won planned for 2026 and 4 billion won for 2027. The new shares will be deposited with the Korea Securities Depository for one year as a protection deposit.

Upon completion of payment, Humax's largest shareholder is set to change from Byun Dae-kyu to J2B. J2B's CEO is Park Bo-kyung, who holds a 16.67% stake, while Byun Jung-seok and Byun Ji-young are each largest shareholders with 41.67%.

Background

Humax was listed on the KOSDAQ market on November 16, 2009, in the video and audio equipment manufacturing sector. Based on its December 2025 consolidated settlement, Humax had total assets of 491.1 billion won, total liabilities of 394.9 billion won, total equity of 96.1 billion won, revenue of 394.2 billion won, an operating loss of 29.2 billion won and a net loss of 81.4 billion won.

J2B, based on its December 2025 settlement, had total assets of 2.459 billion won, total liabilities of 7 million won, total equity of 2.452 billion won, capital of 120 million won, revenue of 4 million won and a net loss of 6 million won.