Align Partners Issues Formal Shareholder Proposals to Gabia

This section is Partnership Content suppliedThe content in this section is supplied by Business Wire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Business Wire Article contentSEOUL, South Korea — Align Partners Capital Management Inc. (“Align Partners”), a shareholder of Gabia, Inc. (“Gabia” or the “Company”), has submitted formal shareholder proposals for inclusion in the agenda of Gabia’s upcoming 27th Annual General Meeting (“AGM”) and issued a call for strengthened governance practices to address the Company’s persistent undervaluation.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentAlign Partners noted that, as shareholder proposals will be presented at this year’s AGM, Gabia should follow the Korea Exchange (KRX) Corporate Governance Key Indicators by publishing the AGM convocation notice at least four weeks prior to the meeting date. Align Partners emphasized that last year’s AGM notice was issued only 16 days before the meeting, limiting shareholders’ ability to adequately review the agenda and exercise informed voting rights.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentArticle contentGabia is widely recognized as a leading Korean IT services and cloud infrastructure company with solid operating performance. Despite these strengths, Align Partners believes the Company continues to trade at a substantial valuation discount. Based on the closing price on February 11, 2026, Align Partners estimates that the stand-alone enterprise value of Gabia’s core business segments, excluding its listed subsidiaries, is approximately KRW 155.0 billion under a sum-of-the-parts (“SOTP”) methodology. This implies a stand-alone last-twelve-month EV/EBITDA multiple of approximately 6.0x, significantly below the peer average of approximately 12.0x.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentAlign Partners views this discount as structural and driven in part by shareholder value dilution arising from Gabia’s multiple-listing structure. Align Partners stated that, despite prior requests for the Company to address this issue, Gabia’s response has been insufficient. Accordingly, Align Partners has decided to proceed with formal shareholder proposals for the upcoming AGM.Article contentAlign Partners submitted the following shareholder proposals for shareholder vote at the 2026 AGM:Article contentApproval of a cash dividend of KRW 180 per share.Election of directors to strengthen Board independence. Align Partners noted that three of the Company’s four directors are affiliated with the controlling shareholder, limiting independent oversight. Align Partners nominated the following candidates: Bryce Jun (Vice President, Align Partners; former Morgan Stanley Investment Banking professional and M&A specialist) as a non-executive director.Se-Young Choi (Executive Vice President / CFO of INVENI; former Samil PwC finance professional) as an independent director.Approval of the CEO’s compensation limit, with the objective of linking executive pay more closely to long-term performance and shareholder value creation.(Advisory proposal) Recommendation that the Company disclose director and executive compensation frameworks in a more detailed and transparent manner.Article contentAlign Partners stated that these proposals are intended to improve governance oversight, enhance transparency, and restore investor confidence in Gabia’s capital allocation discipline and long-term strategic direction.Article contentFor additional details, including the full shareholder proposal, please visit www.alignpartnerscap.com.Article contentAboutArticle contentAlign Partners Capital Management Inc. is an investment company focused on Korea. Led by CEO Changhwan Lee, Align Partners leverages expertise in private equity and investment banking to engage with portfolio companies to address governance inefficiencies and the “Korea discount.”https://www.alignpartnerscap.com/en/Article contentArticle contentArticle contentView source version on businesswire.com: Article content https://www.businesswire.com/news/home/20260212023245/en/Article contentArticle contentContactsArticle contentAlign Partners Sunwoo Joo gabia_valueup@alignpartnerscap.com +82-2-6956-8354Article content#distroArticle contentTrending Ontario issues first permit that opens up old mine tailings for exploration Mining CRA charged taxpayer instalment interest before he received all his GIC income Taxes As U.S. companies return to Venezuela's oilfields — one Canadian driller has a head start Oil & Gas Stellantis wants to build cars at idled Brampton plant: Canada CEO Autos As Canadian bond yields fall, watch for fixed rates to follow Mortgage Rates Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. Ontario issues first permit that opens up old mine tailings for exploration Mining CRA charged taxpayer instalment interest before he received all his GIC income Taxes As U.S. companies return to Venezuela's oilfields — one Canadian driller has a head start Oil & Gas Stellantis wants to build cars at idled Brampton plant: Canada CEO Autos As Canadian bond yields fall, watch for fixed rates to follow Mortgage Rates