Strategic Capital petitioned the court for permission to convene an extraordinary general meeting of shareholders over the transfer of GungHo shares involving Son Taizo (孫泰蔵). The move is intended to secure an opportunity for shareholders to decide on a proposal to change the off-market transaction.
Strategic Capital, Inc. and a fund together hold approximately 14% of GungHo Online Entertainment,Inc.'s shares. Against this backdrop, it requested the convening of an extraordinary general meeting of shareholders, with the principal proposal being a change in the transaction method to enhance shareholder value, concerning the planned transfer of GungHo shares, an off-market transaction, by SON Financial LLC, whose representative member is Son Taizo (孫泰蔵).
On 28 October 2026, it petitioned the court for permission to convene the extraordinary general meeting of shareholders. GungHo has not yet publicly announced a record date or a decision to hold the extraordinary general meeting, and the procedures are described as having remained stalled.
The off-market transaction is scheduled to be executed around 30 December 2026, and if it is executed early, Son Taizo (孫泰蔵) may no longer be a GungHo shareholder. An estimate also indicates that changing the transaction method could enable GungHo to obtain up to approximately ¥5.2 billion in additional cash. SC is seeking a thorough examination to ensure the transaction's feasibility and is calling for procedures to be advanced so that shareholders have an opportunity to decide on the proposal.