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Com2uS Holdings Forms Strategic Partnership with Coinone, Korea Investment & Securities, and OKX

TL;DR (2-3 Sentence Summary)
Com2uS Holdings is establishing a multilateral strategic partnership with Korea Investment & Securities and OKX Ventures to enhance the corporate value and global advancement of Coinone, in which Com2uS Holdings holds a 20% stake. Com2uS Holdings will also participate in the new shareholder structure by disposing of a portion of its Coinone shares. Com2uS Holdings announced on the 29th that it decided to dispose of 68,894 shares of Coinone for 34.6 billion won.
코인원 전략적 지분투자 계약 체결식에 참석한 주요 관계자들(사진제공: 컴투스홀딩스)
▲ A scene from the strategic investment agreement signing ceremony for Coinone (Photo courtesy of Com2uS Holdings)

Com2uS Holdings, which holds a 20% stake in Coinone as its second-largest shareholder, is forging a multi-party strategic partnership with Korea Investment & Securities and OKX Ventures to enhance Coinone's corporate value and propel its global expansion. Com2uS Holdings will divest a portion of its Coinone shares, participating in a new shareholder composition.

On the 29th, Com2uS Holdings announced its decision to dispose of 68,894 shares of Coinone for 34.6 billion KRW, a move representing approximately 10% of Coinone's total outstanding shares. This divestment is in line with the strategic equity investment agreement concerning Coinone, signed the same day between Coinone, Com2uS Holdings, Korea Investment & Securities, and OKX Ventures.

The signing ceremony for this strategic equity investment agreement took place at Coinone's Yeouido headquarters. Attendees included top executives and representatives from each company, such as Com2uS Holdings Chairman Song Byung-joon and CEO Jeong Cheol-ho, Coinone CEO Cha Myung-hoon, Korea Investment & Securities CEO Kim Sung-hwan, and OKX Global Market Lead Netero Dai. To jointly navigate the rapidly evolving digital finance landscape, Coinone's largest shareholder, CEO Cha Myung-hoon, and second-largest shareholder, Com2uS Holdings, agreed to sell a portion of their existing shares, alongside newly issued Coinone shares, to Korea Investment & Securities and OKX Ventures.

Following the investment deal, Com2uS Holdings will retain its position as the second-largest shareholder with a 24.54% stake (including subsidiary holdings), continuing its support for Coinone's growth. The largest shareholder, CEO Cha Myung-hoon, will maintain management control with a 30.36% shareholding. The new investors, Korea Investment & Securities and OKX Ventures, will each secure a 20% stake, joining as joint third-largest shareholders.

Com2uS Holdings anticipates that the addition of formidable strategic investors like Korea's leading securities firm, Korea Investment & Securities, and the global exchange OKX, will significantly bolster Coinone's external credibility and dramatically enhance its corporate value. The company plans to strengthen comprehensive cooperation with partners possessing the rigorous compliance expertise of regulated financial institutions and world-class global infrastructure, aiming to boost business synergies.

Com2uS Holdings CEO Jeong Cheol-ho stated, "We have made multifaceted efforts to reach this agreement, working closely with Coinone to facilitate its global leap and enhance its corporate value. We will continue to actively support Coinone's sustainable growth alongside our new strategic investors."
This news was translated by AI.