Infinitt Healthcare discloses cash dividend plan

Result of 16-month campaign involving lawsuits and proxy battles

[Provided by Heyholder]
[Provided by Heyholder]

Shareholder activism platform Heyholder said Tuesday it had secured a 65.4 billion won ($48.6 million) shareholder return from Kosdaq-listed Infinitt Healthcare, exceeding 30 percent of the company's market capitalization.

According to Heyholder, Infinitt Healthcare on Friday disclosed its "2026–2027 cash dividend plan and shareholder return policy," committing to three rounds of cash dividends totaling 2,681 won per share, or 65.4 billion won in all.

Heyholder said the outcome was the result of an intensive 16-month shareholder campaign aimed at resolving chronic undervaluation.

Infinitt Healthcare had gone without dividends for more than a decade despite holding more than 120 billion won in retained earnings, while paying its largest shareholder, Solbon, hundreds of billions of won in management consulting fees since 2016. In response, Heyholder pursued more than 10 lawsuits and waged proxy battles at annual general meetings to normalize the company's governance.

Heyholder said the result completes a clean sweep of shareholder value improvements across all three Kosdaq campaigns it has directly led. Earlier, at INFOvine, it rallied an 18 percent stake to push through a buyback worth about 24.2 billion won, more than tripling the share price. At Komelon, it passed a 40.5 billion won share buyback resolution through a proxy fight at the annual general meeting.

"This shareholder return was not a unilateral decision by management — it is the result of minority shareholders banding together and consistently making their voices heard," said Heo Gwon, chief executive of Heyholder. "It carries great significance in that capital long locked inside the company is now being rightfully returned to shareholders."

Heyholder also said Seoul Southern District Court had ruled that Infinitt Healthcare's invalidation of electronic proxies at an extraordinary general meeting was unlawful. According to Heyholder, the court on Aug. 24 voided a resolution passed at Infinitt Healthcare's extraordinary general meeting in June 2025 that had amended the company's articles of incorporation to tighten auditor eligibility requirements.


th5@heraldcorp.com