Largest Shareholder Jeon Dong-gyu Pledges 81.9% of Holdings, Partial Debt Repayment of 122.8B Won
Largest shareholder Jeon Dong-gyu (19.59% stake) has pledged 10,211,390 of his 12,468,288 shares (81.9%) under 13 contracts; if all pledges are enforced, his stake would drop to 3.55%.
Total debt decreased from 187.1B won to 122.8B won (amendment reason: partial repayment of secured debt), and total pledge amount reduced from 255.3B won to 178.1B won.
To secure the put option of new investors (SJ Value Up Co., and Sistema Jeilcha Co.), 6,391,345 shares (pledge amount 77.1B won) are subject to a mortgage pledge.
Pledge enforcement conditions include failure to maintain collateral ratio or provide additional payments; default could result in loss of largest shareholder status.
KOSDAQ Filing Information
Filing: [Correction of Description] Execution of Stock Pledge Agreement Involving Change of Largest Shareholder