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M2N

Major shareholder DK Marine expands stock pledge loans... 27.94% of shares pledged, increasing management risk


  • The largest shareholder DK Marine and its special relations have pledged 11,169,827 shares (27.94% of total) to multiple financial institutions, out of their total holding of 37.65%
  • New pledge added: Seo Hong-min (special relation) borrowed 1.8 billion won from SangSangin Plus Savings Bank, pledging an additional 699,408 shares (1.75% stake)
  • Existing pledge contracts: Total of 13 stock pledge loan agreements with various institutions, with total borrowings of approximately 16.7 billion won
  • Maintenance ratios range from 130% to 200%, indicating risk of margin calls if stock price falls
  • [AI Comprehensive Analysis]The major shareholder's excessive stock pledging increases the risk of forced selling in case of a price decline, putting downward pressure on the stock price and potentially affecting management stability

KOSDAQ Filing Information


  • Filing: Report on Large Shareholding (General)
  • Company: M2N (033310)
  • Submission: DK Marine
  • Receipt: 05-27-2026