Major Shareholder Samyoung Partners Pledges 97.5% of Holdings; Stake Could Drop to 1% on Collateral Execution

Majority shareholder Samyoung Partners (43.85% stake) pledged 6.5M shares (97.5% of holdings) as collateral for total borrowings of 50 billion KRW.
Creditors: Kyongnam Bank (2 loans, 25 billion KRW) and SNsys (1 loan, 25 billion KRW); purpose: debt repayment and principal/interest.
Full execution of collateral would reduce majority shareholder's stake from 43.85% to 1.08%, potentially causing change in control.
Debtor Samyoung Partners has assets of 134.6 billion KRW, liabilities of 50.2 billion KRW, and recorded net loss of 208 million KRW in 2025.

Filing: Contract for Provision of Share Pledge Involving Change of Largest Shareholder
Company: SY DONG-A (041930)
Submission: SY DONG-A Co., Ltd.
Receipt: 05-04-2026
Under KRX KOSDAQ Market Division