Slight increase in controlling shareholder's stake to 85.42%... Open market purchase and pledge release for management stability
The stake held by the reporting person Choi Jae-hoon and its specially related parties increased slightly by 0.19%p to 85.42% compared to the previous report.
The increase is due to open market purchases by specially related party Choi Hyun-seok, who acquired a total of 39,277 shares (average price around KRW 3,600, total approx. KRW 146 million) between April 22 and May 29, 2026.
Additionally, the pledge on 1,500,000 shares (7.28% stake) previously provided as collateral by Namhwa Construction was released on May 26, 2026, partially easing the collateral burden.
This change is aimed at maintaining and stabilizing management control, and there is no dilution factor such as new share issuance or conversion of convertible bonds that would affect existing shareholders.
Currently, Choi Jae-hoon himself holds 2,890,000 shares (14.04%), with major specially related parties including Namhwa Construction (24.77%), NQ Industry (12.33%), and Namhwa Development (11.66%).
[AI Comprehensive Analysis]This disclosure can be interpreted as a signal of strengthening management stability through a slight increase in the controlling shareholder's stake and pledge release. However, the change is extremely minor and does not involve any direct change in corporate value, so its impact on short-term stock price is limited and it is not a significant reference for investment decisions.