Largest Shareholder Choi Jae-hoon Reports No Change in Stake Due to Extension of Stock Collateral Loan Agreement
Largest shareholder Choi Jae-hoon extended the term of the collateral agreement covering 1,753,896 shares of Nam Hwa Construction with Daishin Securities until October 12, 2026, while his total stake remains unchanged at 58.86%.
This amendment involves only an extension of the contract period, resulting in no new capital raising or dilution for existing shareholders.
A share lending agreement with related party ENQ Industry for 805,000 shares continues, and total shares under major contracts amount to 2,558,896 shares or 21.80% of voting shares.
No shareholder return measures such as treasury stock acquisition, cancellation, or dividend payments were reported.
[AI Summary]Since the largest shareholder's stake is unchanged and only the collateral loan period was extended, the short-term impact on the stock price is limited. However, a significant portion of the major shareholder's shares are pledged as collateral, posing a risk of additional collateral calls if the stock price declines.