[DISCLOSURE] Tongyang (001520) announced on Oct. 19 that Eugene (023410) and Eugene Investment & Securities have increased their stake from 27.5 percent to 30.03 percent, respectively, by acquiring over 6 million stocks between Oct. 6 and 18.

Eugene and Eugene Investment & Securities have bought 2.29 million and 3,745,000 stocks, respectively.

Eugene recently has been seeking to participate in Tongyang’s management such as calling for an extraordinary shareholders meeting to select director.

By Park Yuna (yunapark@heraldcorp.com)