Interojo's largest shareholder Noh Si-cheol has extended a loan agreement secured by 3,215,210 of his shares, with the collateral amount reaching approximately 32.1 billion KRW.
If the pledge rights are fully exercised, Noh's ownership could drop from the current 29.05% to 0.88%, posing a risk of losing his status as the largest shareholder.
The loan purpose is repayment of existing debts, meaning the funds are not directed toward growth initiatives or new investments, limiting potential shareholder value enhancement.
[AI Summary]The extension of the largest shareholder's stock pledge loan introduces significant financial risk given the large collateral amount and debt size, and enforcement could lead to a change in control and downward pressure on the stock price.
KOSDAQ Filing Information
[Correction of Description] Execution of Stock Pledge Agreement Involving Change of Largest Shareholder