Sangbo's largest shareholder Kim Sanggeun's holdings drop 80% due to 5:1 reverse stock split; ownership remains at 16.99%, special relation's collateral loan partially repaid and renewed
The number of shares held by the reporting person (Sanggeun Kim) and special relations decreased by approximately 80% from 10,057,352 to 2,011,469 shares due to a 5:1 reverse stock split executed on April 29, 2026.
Despite the reverse split, the ownership percentage remained unchanged at 16.99%, as the total outstanding shares also decreased proportionally from 59,181,279 to 11,836,255.
Special relation Hyuncheol Kim partially repaid a loan secured by shares (651,069 pre-split shares) with Hana Securities on May 20, 2026, and renewed the pledge agreement for the remaining 18,446 shares. Loan amount: 49,177,200 KRW, interest rate 5.6%.
The reporting person's existing pledge agreement with IBK Industrial Bank (500,000 shares, loan of 2.9 billion KRW) remains unchanged.
This disclosure reports changes in share count due to the reverse split and modification of a pledge agreement. It is a routine filing with no material impact on enterprise value or shareholder equity.