The Codi shares rose to the KOSDAQ market’s daily upper limit after reports that Pantos Corporation would become the company’s largest shareholder. At 9:10 a.m. on Sept. 9, the stock traded at ₩7,610, up ₩1,750, or 29.86%, from the previous session. The Codi disclosed that it had changed the investor in a planned ₩7 billion third-party allotment paid-in capital increase from K New Growth Equity to Pantos Corporation. Pantos is led by Chairman Koo Bon-ho, who is also its CEO and largest shareholder. The transaction would make Pantos The Codi’s largest shareholder once completed, with the proceeds designated for operating funds and potentially supporting restructuring and new ventures. The development has also fueled expectations that The Codi could expand into robotics, artificial intelligence, automation and related hardware, software, data and logistics businesses, while raising the possibility of additional M&A activity.