Korea Stock Market Insights

Tag: Sale

NJET (419080) Stock Forecast: CEO Byun Do-young’s Stake Sale – What Should Investors Do?
NJET: What Does the CEO’s Stake Sale Mean? Analysis and Strategies for Investors

On September 25, 2025, the announcement of NJET CEO Byun Do-young’s stake reduction caught the attention of investors. Is this stake change a simple sale, or does it hold a deeper meaning? This article provides a detailed analysis of NJET’s recent management situation, the background and impact of the stake change, and the actions investors should take.
1. What Happened? : NJET CEO Byun Do-young Reduces Stake by 2.4%

NJET CEO Byun Do-young announced on September 25, 2025, a 2.4% decrease in his stake, from 34.48% to 32.08%. The reasons for the decrease were cited as over-the-counter trading and gifts by related parties, resignation of executives, and exercise of stock options. While stating that the purpose of holding the shares remains ‘influencing management,’ the actual decrease raises several questions in the market.

2. Why is it Important? : Potential Management Changes and Deteriorating Market Sentiment

The CEO’s stake reduction suggests the possibility of management changes and could negatively impact investor sentiment. This, combined with NJET’s recent poor performance (decline in sales and net loss in the first half of 2025), could exacerbate downward pressure on the stock price. Furthermore, over-the-counter trading by related parties hints at the possibility of further stake changes, amplifying investor anxiety.

3. So What Will Happen? : Short-term Volatility Increase, Focus on Mid- to Long-term Fundamental Improvement

Increased stock price volatility is expected in the short term. Investors should carefully monitor the announcement details and market reactions. In the mid- to long term, NJET’s fundamental improvement will determine the stock price direction. Clear explanations from management and efforts to improve performance will play a crucial role in restoring market confidence.

4. What Should Investors Do? : Maintain a Wait-and-See Approach, Monitor Information Disclosure and Fundamentals
- Short-term Investors: Maintain a wait-and-see approach, explore technical rebound points in case of further decline.
- Mid- to Long-term Investors: Continuously monitor information disclosure related to stake changes, management communication, fundamental improvement, and re-evaluate valuation.
Frequently Asked Questions (FAQ)

How will CEO Byun Do-young’s stake sale affect NJET’s stock price?

In the short term, it is likely to put downward pressure on the stock price. However, the mid- to long-term impact will depend on NJET’s future performance and management strategy.

Should I invest in NJET?

Caution is advised at this point. It’s recommended to make investment decisions after confirming additional information disclosure and changes in fundamentals.

What is the outlook for NJET?

NJET has growth potential based on its unique EHD technology, but currently faces challenges such as poor performance and management uncertainty. The future outlook can vary significantly depending on management’s efforts and market conditions.
09/25/2025
STX Engine Stock Forecast: Opportunity or Crisis after UAMCO’s Stake Sale? (September 2025 Analysis)
UAMCO Corporate Rebound No. 8 Private Equity Fund, the largest shareholder of STX Engine, has sold a 2.49% stake. This news has caused confusion among investors and raised questions about the future stock price of STX Engine. Is this stake sale bad news, or is it a buying opportunity? In this post, we analyze STX Engine’s recent fundamentals, the background and impact of UAMCO’s stake sale, and suggest investment strategies.
1. What Happened? UAMCO Sells 2.49% Stake in STX Engine
On September 25, 2025, a public announcement revealed that UAMCO Corporate Rebound No. 8 Private Equity Fund, the largest shareholder of STX Engine, sold a 2.49% stake through after-hours trading. This reduced UAMCO’s stake in STX Engine from 64.17% to 61.68%.

2. Why the Sale? Background Analysis and Investor Sentiment
According to the announcement, the reason for the stake sale was ‘change in the number of shares held and ownership ratio,’ and the purpose of holding the shares is still stated as ‘influence on management rights.’ While portfolio adjustments are possible, investors are understandably sensitive to stake sales by major shareholders. The uncertainty surrounding potential further stake sales and the background of the sale can dampen investor sentiment.

3. STX Engine’s Current Status: Fundamental Analysis
Interestingly, STX Engine’s first-half 2025 earnings were quite positive. Sales increased by 12.76% year-on-year, and operating profit also improved significantly. The robust growth of the defense sector and investment in eco-friendly technologies stand out. However, the low operating rate in the commercial sector and exchange rate volatility remain risk factors.

4. So, What Should We Do? Investment Strategy Suggestions
In the short term, investors should be wary of increased stock price volatility. The sale of shares by a major shareholder can put downward pressure on the stock price. However, in the medium to long term, it’s necessary to pay attention to STX Engine’s growth potential. The commercialization of eco-friendly engine technology and the performance of the defense sector could be momentum for future stock price increases.
Investor Action Plan
- Short-term investors: Be cautious of increased volatility and prepare for potential short-term price drops.
- Mid- to long-term investors: Focus on growth momentum and fundamental improvements, and look for additional buying opportunities.
- All investors: Continuously monitor UAMCO’s potential further stake sales, exchange rate and interest rate fluctuations, and the recovery of the commercial sector.
FAQ
Why did UAMCO sell its stake in STX Engine?
The official reason is ‘change in the number of shares held and ownership ratio’. It could be a simple portfolio adjustment, but further information is needed to understand the exact background.
What is the future stock price outlook for STX Engine?
In the short term, volatility may increase due to the stake sale issue, but in the medium to long term, it is important to pay attention to positive fundamentals and growth momentum.
What should investors be aware of?
Investors should continuously monitor the possibility of further stake sales by UAMCO, exchange rate and interest rate fluctuations, and the recovery of the commercial sector.
09/25/2025
Nanosillicon Advanced Materials: Major Shareholder Sells Stake – What Investors Need to Know
The recent news of a major shareholder change at Nanosillicon Advanced Materials is crucial information for any investor. Was DreamCastle Construction’s stake sale simply a divestment, or a sign of concern about the company’s future? This article analyzes the background and implications of this change, offering clear guidance for investors.
What Happened?

On September 24, 2025, DreamCastle Construction, the largest shareholder of Nanosillicon Advanced Materials, sold a 3.8% stake (1,037,429 shares) to Silicon Co. in an off-market transaction. This reduced DreamCastle’s stake from 17.59% to 13.79%.

Why the Sale?

The official reason given is the ‘termination of a shareholding agreement.’ However, considering Nanosillicon’s challenging financial situation, including declining sales and widening operating losses, there could be more to the story. A major shareholder selling their stake can signal uncertainty about the company’s future and raise concerns among investors.

What’s Next?
- Short-term Impact: The sale could create market anxiety, putting downward pressure on the stock price. Conversely, if the sale was purely for profit-taking, the impact might be limited, potentially even increasing trading volume and liquidity.
- Long-term Impact: Silicon Co.’s investment objectives and level of involvement in management will significantly influence Nanosillicon’s fundamentals and management stability.
What Should Investors Do?
- Short-term Investors: Given the current uncertainty, holding or selling is recommended.
- Long-term Investors: Careful observation of Silicon Co.’s investment strategy and Nanosillicon’s fundamental improvements is advised before making any investment decisions.
FAQ

Who is the largest shareholder of Nanosillicon Advanced Materials?
As of September 24, 2025, it has changed from DreamCastle Construction to Silicon Co.
Why did the stake sale occur?
The official reason is the ‘termination of a shareholding agreement.’ However, a multifaceted analysis is necessary, considering the company’s financial situation.
What is the impact of this change on the stock price?
Short-term downward pressure is expected due to increased uncertainty, but the long-term impact will depend on the new investor’s strategy.
How should investors respond?
Short-term investors should hold or sell, while long-term investors should carefully consider before making a decision.
09/24/2025
VMware (089970) Stock Forecast: Is Kim Namheon’s Massive Sale an Opportunity or a Crisis? September 2025 Analysis
VMware: A Hidden Opportunity Amidst a Massive Sell-off?

Kim Namheon, a major shareholder of VMware (089970), has sold a significant 6.24% stake. With investor concerns rising, what impact will this sale have on VMware’s future? Can we find hidden investment opportunities amidst the short-term stock price decline? This article analyzes the background of Kim Namheon’s massive sale and its impact, and suggests future investment strategies.
1. What Happened?

On September 22, 2025, Kim Namheon, a major shareholder of VMware, sold 1,600,000 shares, representing 6.24% of his 11.20% stake, through an after-hours block trade. This reduced his stake to 4.96%.

2. Why the Sell-off?

While the official reason for the sale was reported as achieving ‘general investment’ objectives, this substantial sell-off by a major shareholder, especially a former majority holder like Kim Namheon, raises various speculations among investors. It could be simple profit-taking, internal corporate matters, or a change in personal investment strategy. Past litigation history with the former majority shareholder also adds to market unease.

3. What’s VMware’s Current Situation?

VMware has shown consistent revenue growth since 2022 and is expected to turn profitable in 2024. The company is also actively investing in R&D to secure future growth engines. However, the relatively high debt ratio requires attention.
- Revenue: KRW 48.6B (2022) → KRW 74.1B (2023) → KRW 107.8B (2024 projected)
- Operating Income: KRW -16.1B (2022) → KRW -2.0B (2023) → KRW 2.4B (2024 projected)
- Net Profit Margin: 2.16% (2023) → 4.90% (2024 projected) → 7.38% (2025 projected)
- Debt Ratio: 223% (2023) → 267% (2024 projected)
4. What’s Next? Investment Strategies

Kim Namheon’s massive sale may negatively impact the stock price in the short term. However, considering VMware’s solid fundamentals, this could present a buying opportunity. Consider the following investment strategies:
- Monitor Fundamentals: Continuously check key indicators like sales, operating profit, and new orders.
- Observe Major Shareholder Activities: Further stake changes may indicate potential management changes.
- Utilize Short-term Volatility: Look for buying opportunities during price dips.
- Monitor Macroeconomic Conditions: Keep an eye on interest rates, exchange rates, and overall semiconductor industry trends.
Caution: Investment decisions should always be made carefully and at your own discretion. This analysis is not investment advice, and all investment responsibility lies with the individual investor.
Will Kim Namheon’s stake sale only have negative consequences for VMware’s future?

While there may be short-term downward pressure on the stock price, considering VMware’s strong fundamentals and growth potential, it could be an opportunity in the long run. Of course, investments should be made cautiously, and continuous monitoring is necessary.

Is VMware’s financial status stable?

While the revenue growth and expected return to profitability are positive, the relatively high debt ratio warrants attention. It is recommended to carefully review financial statements and consult with experts before investing.

Is it a good idea to buy VMware stock now?

Investment decisions should be made at your own discretion and responsibility. This analysis is not investment advice, and thorough information gathering and analysis are necessary before investing.
09/22/2025
BGF Retail Stock Forecast: Impact of Insider Stake Sale & Investment Strategies
The news of BGF Retail insider’s stake sale has caught the attention of investors. How will this stake change affect BGF Retail’s stock price? This in-depth analysis of short-term stock volatility and long-term investment strategies will help you make informed investment decisions.
What Happened with BGF Retail?

On September 18, 2025, Hong Seok-jun, an insider of BGF Retail, sold 52,263 shares on the open market. This resulted in a 0.93%p decrease in BGF Retail’s total stake, from 52.30% to 51.37%. This change was reported due to ‘changes in shareholdings of related parties and major contract amendments’.

Why Does the Stake Sale Matter?

Insider stake sales can negatively impact stock prices in the short term. This is due to the potential for increased selling pressure leading to price declines and weakened investor sentiment. The lack of clarity surrounding the ‘major contract amendments’ further adds to the uncertainty.

So, What’s the Investment Strategy?

Investors should be wary of increased stock volatility in the short term. However, considering BGF Retail’s strong fundamentals (stable domestic convenience store market share, overseas expansion, continuous investment and R&D, and robust financial structure), the long-term investment appeal remains valid. The 51.37% stake still allows for stable management control, and if the ‘major contract amendments’ are positive, they could be a boon for the stock price.
- Short-term investors: Be mindful of increased stock volatility and pay close attention to information related to the ‘major contract amendments’.
- Long-term investors: It’s advisable to monitor BGF Retail’s fundamental changes and core business performance and make investment decisions from a long-term perspective.
Investor Action Plan
- Confirm details of major contract amendments: Check future announcements for the contract details and analyze their impact on corporate value.
- Monitor fundamental sustainability: Continuously monitor changes in the convenience store market competition, consumer trends, and overseas business performance.
- Watch macroeconomic indicators: Analyze changes in exchange rates, interest rates, raw material prices, and their potential impact.
FAQ

Will Hong Seok-jun’s stake sale affect BGF Retail’s management control?

The 51.37% stake still allows for stable management control. The possibility of short-term management changes is considered low.

What is the long-term investment outlook for BGF Retail?

Considering its strong fundamentals and growth potential, the long-term investment appeal remains valid. However, continuous monitoring of the ‘major contract amendments’ and external environment changes is necessary.

What precautions should investors take?

Investors should be wary of the potential for increased short-term stock volatility and continuously monitor the details of the ‘major contract amendments’ and changes in fundamentals. Analyzing fluctuations in macroeconomic indicators and their impact is also crucial.
09/18/2025
Kochip Stock Forecast: Major Shareholder Sells Stake – What Should Investors Do? (September 2025 Analysis)
On September 16, 2025, Kochip announced that its major shareholders, including CEO Son Jin-hyeong, had sold some of their shares. What does this mean for investors? Is it just a minor change, or a sign of trouble? This article thoroughly analyzes Kochip’s management stability, stock price impact, and the action plan investors should take. If you’re invested in or interested in Kochip, this is a must-read!
What Happened at Kochip?

On September 16, 2025, Kochip announced that its major shareholders, including CEO Son Jin-hyeong, sold a portion of their shares. Ma Chang-hwan, a related party, sold 1,190 shares on the open market, decreasing the major shareholders’ stake from 68.71% to 68.70%, a 0.01%p decrease.

Why Does This Stake Change Matter?

Although a minor change, this announcement could negatively impact investor sentiment, especially considering Kochip’s recent stock price decline. It may also raise questions about management stability.

What Impact Will the Sale Have on Kochip?
- Management Stability: The overwhelming 68.70% stake remains stable. The short-term impact on management is minimal.
- Stock Price Impact: In a bear market, this could be interpreted as a negative signal. However, the 0.01%p change is very small, and the reason for the sale is clear, so the impact on the market is likely to be limited.
- Investor Sentiment: Combined with the recent stock price decline, this could dampen investor sentiment. Investors should focus on the company’s fundamentals and long-term growth potential rather than short-term price fluctuations.
What Should Investors Do?
- Analyze Company Fundamentals: Carefully review the reasons for Kochip’s weak first-half 2025 results and the progress of its new businesses.
- Monitor Disclosures: It’s crucial to continuously monitor future changes in major shareholder stakes.
- Maintain a Long-Term Perspective: Invest based on Kochip’s long-term growth potential rather than being swayed by short-term price fluctuations.
FAQ

Will this sale affect Kochip’s management?

No, the current stake is very high at 68.70%, so it’s unlikely that this sale will affect management.

Should I sell my Kochip stock now?

Investment decisions should be based on individual judgment. Carefully consider Kochip’s fundamentals and long-term growth potential, rather than focusing on short-term price fluctuations.

What is the outlook for Kochip?

Kochip is expected to grow based on its competitiveness in the supercapacitor market and the growth potential of its eco-friendly secondary battery business. However, performance may vary depending on various factors such as the success of new businesses and market conditions.
09/16/2025
Osang Healthcare Insider Share Sale: Impact on Investors?
News of Osang Healthcare’s insider share sale is bound to pique investors’ interest. This article goes beyond simply reporting the news; it delves into the reasons behind the sale, analyzes its impact, and offers an objective look at Osang Healthcare’s present and future. If you’re seeking key insights to inform your investment decisions, read on!
What Happened at Osang Healthcare?
On September 11, 2025, Hong Seung-eok, an insider at Osang Healthcare, sold 4,000 shares. This resulted in a slight decrease in his stake from 56.60% to 56.52%.
Analyzing the Sale and its Investment Impact
The 4,000 shares represent a very small portion of the total outstanding shares, and the change in ownership is minimal. Therefore, the short-term impact of this sale on the company’s management or stock price is expected to be insignificant. However, the unclear reason for the insider’s sale could potentially dampen investor sentiment.
What’s Next for Osang Healthcare?
According to the 2025 semi-annual report, Osang Healthcare achieved a turnaround in both operating profit and net income despite a decline in sales. The stable sales in the biochemical diagnostics division and the global expansion of its new health functional food product, ‘Dangkyurak,’ are positive signs. However, the continued decline in sales in the immune diagnostics division and the increase in debt ratio warrant careful attention.
Action Plan for Investors
- Short-term Investment: Focus on fundamental changes, such as recovery in the immune diagnostics division and the performance of the new business, rather than the share sale event itself.
- Mid- to Long-term Investment: An investment strategy that considers the growth potential of the health functional food business and the sustained competitiveness of the biochemical diagnostics division is essential.
FAQ
Who is Hong Seung-eok?
He was an insider at Osang Healthcare.
Will this share sale affect the stock price?
Due to the small scale of the sale, a significant impact is unlikely, but it could negatively affect investor sentiment.
What is the outlook for Osang Healthcare?
Expansion into new businesses and stable growth in the biochemical diagnostics division are expected. However, sluggish performance in the immune diagnostics division and increasing debt ratio are risk factors.
09/11/2025
Koh Young Stock Forecast: Insider Stake Sale, What Should Investors Do?
Koh Young’s stock price is showing concerning signs. Recent news of a stake sale by an insider of Koh Young Holdings has heightened investor concerns. Coupled with the company’s weak performance in the first half of 2025, uncertainty about Koh Young’s future is growing. This article analyzes the background of the stake sale and its short-term and long-term impacts, providing actionable strategies for investors.
What Happened at Koh Young?

On September 5, 2025, a public announcement revealed that Sung Jeong-gyu, an insider of Koh Young Holdings, sold 5,170 shares of Koh Young stock on the open market. This resulted in a slight decrease in Koh Young Holdings’ stake from 20.92% to 20.53%.

Why Is the Stake Sale a Concern?

While the decrease in stake itself is not substantial, combined with the weak performance in the first half of 2025, it could negatively impact investor sentiment. Caution is warranted, particularly because sales by major shareholders and insiders can raise concerns about the company’s future. The sale on the open market could also put downward pressure on the stock price in the short term.

What Should Investors Do?
- Monitor Further Stake Changes: Closely monitor any further stake changes by Koh Young Holdings and Sung Jeong-gyu. Continued selling could increase uncertainty regarding management control.
- Check for Fundamental Improvements: Verify whether there are fundamental improvements, such as sustained growth in the 3D SPI business, a rebound in the 3D AOI business, and visible results in the medical robot business.
- Consider Macroeconomic Factors: Analyze the impact of macroeconomic variables like interest rates, exchange rates, and global IT market trends on Koh Young.
- Adopt a Conservative Investment Approach: Given the current market conditions and the company’s fundamentals, a conservative approach to investment is recommended. It is advisable to wait for clear signals of fundamental improvement before making investment decisions.
Frequently Asked Questions

What is the reason for Koh Young Holdings’ stake sale?

According to the public announcement, the change in stake is due to a decrease in special relations and over-the-counter sales. The specific reason for the sale has not been disclosed.

What will be the impact of this stake sale on Koh Young’s stock price?

While the decrease in stake itself is not significant, coupled with the current weak earnings, it could lead to worsening investor sentiment and downward pressure on the stock price in the short term. The long-term impact will depend on whether fundamentals improve and whether there are further stake changes.

Should I invest in Koh Young?

Considering the current market situation and the company’s fundamentals, a conservative approach is recommended. It’s best to wait for clear signs of fundamental improvement before making investment decisions.
09/05/2025
ABKO Stock Forecast: Major Shareholder Sells Stake, What Should Investors Do?
ABKO Stock: What does the Major Shareholder’s Stake Sale Mean?

Concerns are rising among investors as news broke on September 2, 2025, about a large-scale stake sale by major shareholders of ABKO. Taehwa Lee and 2 others sold a total of 4.35% of their shares. What impact will this event have on ABKO’s stock price? This article analyzes ABKO’s recent performance, the background of the sale, future stock price outlook, and considerations for investors.
1. What Happened?: Major Shareholder Stake Sale

Major shareholders of ABKO, including Taehwa Lee and 2 others, announced a change in their stake through a public disclosure on September 2, 2025. They sold a total of 1,337,000 shares, reducing their stake from 7.50% to 3.15%.

2. Why the Sale?: Analyzing the Background
- Profit-Taking: The sale likely stems from profit-taking following the recent rise in stock price.
- Securing Liquidity: The purpose could be to secure liquidity for personal financial needs or new investments.
- Change in Investment Objectives: The possibility of a sale for stake management purposes cannot be ruled out.
3. About ABKO: Fundamental Analysis

As of the first half of 2025, ABKO recorded sales growth (9.9% increase) but a decrease in operating profit (6.3% decrease). The gaming gear sector showed solid growth (19.6% increase), and the company is pursuing business diversification by adding ‘import of non-ferrous metals and other raw materials’ as a new business. Financially, assets increased due to the completion and lease decision of the Gimpo logistics center, but liabilities also increased.

4. Future Stock Price Outlook: Forecast and Investment Strategy

The sale of shares by major shareholders could negatively impact the stock price in the short term. However, depending on ABKO’s fundamentals, growth potential, and the performance of its new business, the stock price could recover. Investors should analyze ABKO’s business competitiveness and growth potential from a long-term perspective, rather than focusing on short-term stock price fluctuations.

5. What Should Investors Do?: Action Plan
- Short-Term Investors: A conservative approach is necessary considering the downward pressure on the stock price. Closely monitor the process of absorbing the sold shares and market reactions.
- Mid-to-Long-Term Investors: Continuously monitor ABKO’s fundamental improvements and the performance of its new business.
Why did the major shareholders sell their stake?

There could be various reasons, such as profit-taking, securing liquidity, or changes in investment objectives, but the exact background is unknown. It’s crucial to focus on the company’s fundamentals rather than short-term price fluctuations.

What is the outlook for ABKO’s stock price?

There may be downward pressure on the stock price in the short term, but the price could recover depending on ABKO’s growth potential and the performance of its new business.

How should investors react?

Short-term investors should take a conservative approach, while mid-to-long-term investors should continuously monitor the company’s fundamentals and new business performance.
09/02/2025
UNID (014830) Stock Forecast: Shinyoung Asset Management Sells 1.43% Stake – Opportunity or Crisis?
Shinyoung Asset Management Sells 1.43% of UNID Stock: What Happened?

Shinyoung Asset Management, a major shareholder of UNID (014830), the sole domestic manufacturer of potassium-based products, recently sold 1.43% of its stake. This news has grabbed the attention of investors. How will this sale affect UNID’s future? This article delves into the background of the sale, its potential impact, and key points investors should watch.
1. Shinyoung’s Divestment: A 1.43% Reduction in UNID Holdings.

Shinyoung Asset Management reduced its stake in UNID from 5.25% to 3.82% through on-market sales between August 13th and 28th. The official reason for the sale was stated as a change in holdings for ‘simple investment’ purposes.

2. Decoding the Divestment: Analyzing the Reasons Behind the Sale.

While the exact reason behind Shinyoung’s sale is unknown, several possibilities can be considered. These include increasing macroeconomic uncertainty due to rising interest rates and exchange rate fluctuations, portfolio adjustments, or short-term profit-taking. Importantly, this sale doesn’t necessarily indicate a change in UNID’s fundamentals.

3. UNID’s Outlook: Assessing the Company’s Fundamentals and Growth Prospects.

UNID maintains solid fundamentals. In the first half of 2025, consolidated revenue increased by 21.4% year-on-year to KRW 663.4 billion, with a high proportion of overseas business. The rising exchange rate could actually be a positive factor. The operation and expansion of the UHC new plant are also expected to be future growth drivers.

4. Investor Action Plan: Navigating the Current Situation.
- Short-term investors: Should be aware of the possibility of further sales by Shinyoung and potential short-term stock price volatility.
- Long-term investors: Can consider this a potential buying opportunity, focusing on UNID’s strong fundamentals and growth prospects.
All investment decisions should be made at the investor’s own discretion and responsibility. Carefully consider your investment decisions while continuously monitoring macroeconomic indicators and market conditions.
Frequently Asked Questions

Will Shinyoung’s sale of UNID shares negatively impact the stock price?

In the short term, concerns about increased selling pressure could put downward pressure on the stock price. However, as UNID’s fundamentals remain unchanged, the long-term impact is expected to be minimal.

Is it a good time to buy UNID stock now?

The investment decision is up to the individual investor. It is advisable to approach with caution considering the short-term volatility and to make investment decisions based on UNID’s long-term growth potential and fundamentals.

What is the outlook for UNID?

UNID, as the sole domestic manufacturer of potassium-based products, holds a stable market position and is expected to continue its growth trajectory with overseas market expansion and the operation of the new UHC plant.
09/01/2025