Largest Shareholder MOA Data Pledges Entire 17.18% Stake, Risk of Change in Control
Correction filing for pledge agreement: largest shareholder MOA Data pledges all 7,244,268 shares (17.18% stake) as collateral
Debtor is MOA Data, creditor is Sangsangin Savings Bank; total debt 6.623B KRW, collateral amount 9.62B KRW
If collateral enforced, largest shareholder's stake drops to 0%, triggering potential change in control
MOA Data's 2024 financials show total assets 90.229B KRW, total liabilities 52.059B KRW, net loss 1.33B KRW, indicating weak financial health
Current stock price 673 KRW, market cap 283.78B KRW; collateral of 9.62B KRW may trigger margin calls if stock falls
[AI Summary]Pledging entire stake signals financial distress of the largest shareholder; enforcement would lead to control change and dilution risk, negatively impacting stock price.
KOSDAQ Filing Information
Filing: [Correction of Description] Execution of Stock Pledge Agreement Involving Change of Largest Shareholder