1. What Happened?

On July 31, 2025, Hans Seung Holdings announced an increase in its BYC stake to 72.30%. Shinhan Edipis also purchased BYC stock.

2. Why Did This Happen?

Hans Seung Holdings’ increased stake is interpreted as a move to strengthen and stabilize management control. BYC experienced poor performance in the first quarter of 2025 (seasonal factors, rising raw material prices, exchange rate fluctuations, intensified competition), and the success of its new businesses (pet clothing, sportswear) remains uncertain. In this situation, Hans Seung Holdings appears to be consolidating its management control and pursuing a long-term business strategy.

3. What’s Next?

  • Positive Aspects: Enhanced management stability, potential for additional capital investment.
  • Negative Aspects: Increased stock volatility, possibility of autocratic management.

While short-term stock volatility may increase, the long-term outlook depends on BYC’s fundamental improvement. The performance of new businesses and earnings from the second quarter onwards will be key variables. Hans Seung Holdings’ future management strategy and investment plans should also be monitored.

4. What Should Investors Do?

Investors should make prudent investment decisions based on a comprehensive consideration of BYC’s fundamentals, market conditions, and investment objectives, rather than reacting emotionally to short-term stock fluctuations. Continuous monitoring of related disclosures, news, and analysis reports is crucial.