AK Holdings increases pledged Jeju Air shares to 42.29%, raising financial risk but control remains stable
AK Holdings entered a new pledge contract on May 27, 2026, providing an additional 4,000,000 shares (4.96% of voting rights) of Jeju Air to NH Investment & Securities as collateral
Total pledged shares by AK Holdings and its special relations increased from 30,102,115 (37.33%) to 34,102,115 (42.29%)
AK Holdings' actual shareholding remains unchanged at 43,245,552 shares (53.63%)
The new pledge involves a loan of 30 billion KRW at 5.80% interest with a collateral maintenance ratio of 180%, posing a risk of margin call if the stock price falls
Existing six pledge contracts remain unchanged; total pledged shares now represent 42.29% of outstanding shares
[AI Comprehensive Analysis]The increased pledging by the largest shareholder indicates financial stress but does not directly affect control. However, the high pledge ratio (42.29%) implies potential ownership changes if margin calls occur, warranting investor caution