Provides 13 Billion Won Collateral for Largest Shareholder's Largest Shareholder... Counterparty Reports Net Loss of 19.9 Billion Won
Corrective disclosure due to change in creditors (Sangsangin Securities, Sangsangin Savings Bank, Sangsangin Plus Savings Bank)
Provides collateral (land shares in Gangnam-gu, Seoul) for borrowing of 10 billion won by The E&M (largest shareholder's largest shareholder); collateral amount 13 billion won (31.5% of equity)
Collateral period: 2026.05.08~2029.05.08
The E&M's 2025 consolidated financials: Assets 118.1 billion won, Liabilities 62.8 billion won, Equity 55.3 billion won, Net loss 19.9 billion won, Unqualified audit opinion
Company has past loan agreements (5 billion this year, 115 billion previous year) and asset purchase (10 billion) with The E&M
KOSDAQ Filing Information
Filing: [Correction of Description] Decision on Provision of Collateral to Others