BCnC largest shareholder group increases stake to 53.25% via related party open market purchase - control reinforcement with no dilution
Kim Dong-seok, a relative of largest shareholder Donhan Kim, purchased a total of 77,000 shares on the open market from June 16 to 22, 2026, at an aggregate cost of approximately 1.006 billion KRW, raising the group's beneficial ownership from 52.65% to 53.25%.
The purchase was funded entirely from Kim Dong-seok's personal funds, and no new shares were issued, therefore existing shareholders face no dilution risk from this transaction.
Separately, Donhan Kim has pledged 361,335 shares or 2.82% of total outstanding shares to NH Investment & Securities as collateral for total loans of 2 billion KRW at an interest rate of 4.9% with a collateral maintenance ratio of 150%, implying potential margin call risk if the stock price falls significantly.
[AI Summary]The small open-market purchase by a related party appears aimed at solidifying control rather than injecting new capital for business growth. While the pledge exists, the current stock price level suggests manageable risk.