FINO Becomes Largest Shareholder Of C&P New Materials

Published: Jun 12, 2026 16:41

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FINO announced on June 11 that it will acquire 1,405,752 shares of C&P New Materials from existing shareholder CNGR Hong Kong Hongchuang New Energy Co., Limited for KRW 28.2 billion. The transaction payment is scheduled to be made on June 16.

Following the deal, FINO’s stake in C&P New Materials will increase from 29% to 75%, making it the largest shareholder. Meanwhile, CNGR Hong Kong’s stake will decrease from 51% to 5%, while POSCO Future M will maintain its existing 20% stake.

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