Daesung Hi-Tech Co-Chairman Choi Ho-hyeong Increases Stake to 39.16% via CB Call Option Acquisition and Pledge Modification, Potential Short-Term Volatility
Daesung Hi-Tech's largest shareholder and co-CEO Choi Ho-hyeong was designated as the call option exercise party for the 6th series convertible bonds on June 17, 2026, acquiring 171,549 shares, later adjusted to 165,562 shares due to conversion price change from 3,789 KRW to 3,926 KRW.
Special related party Kim Joong-ho sold 46,000 shares on the open market, and Choi Ho-ik partially repaid a loan from Hana Securities, reducing pledged shares from 209,864 to 104,910, indicating improved financial stability.
Total shares held by the reporting person and special related parties, including potential shares from convertible bonds, reached 6,958,807 shares representing 39.16%, while voting shares decreased to 6,793,245 shares or 38.59%.
No separate shareholder return policies such as treasury stock acquisition, cancellation, or dividends were included in this report.
[AI Summary]CEO Choi Ho-hyeong increased potential stake through CB call option acquisition, but the upward conversion price adjustment limits actual dilution. Open market sales and partial loan repayment by related parties signal short-term liquidity needs but also reduce financial risk. Investors should monitor future exercise of CB rights and further pledge changes as they may impact stock price.