Major shareholder DND Partners reduces stake in Daelim Trading from 68.51% to 65.03%... holding ratio drops 3.48% due to off-hour trades and pledge changes
DND Partners reported a decrease in its stake in Daelim Trading from 68.51% to 65.03% (down 3.48%, or 530,000 shares) as of May 27, 2026.
The reduction was attributed to off-hour block trades and changes in stock pledge contracts, slightly weakening the major shareholder's control.
Related party Eunhee Ko sold 790,000 shares at KRW 2,000 each (approx. KRW 1.58 billion), while Hyojin Lee (50,000 shares) and Sangwon Lee (210,000 shares) bought at the same price, indicating mixed insider moves.
Total pledged shares decreased from 9,953,538 to 8,722,500 (pledge ratio from 65.38% to 57.29%), possibly due to partial debt repayment or release of collateral.
Still, 57.29% of total issued shares remain pledged, exposing the company to margin call risk if the stock price falls.
[AI Comprehensive Analysis]The slight reduction in the major shareholder's stake appears to be a temporary cash-raising move for personal liquidity, but it may raise market concerns over management stability. The high pledge ratio remains a risk factor that could amplify downside pressure on the stock.