Seokju Choi Increases Stake in CHUNGDAMGLOBAL to 40.04%... Opens Market Purchases and Partial Repayment of Stock Pledged Loans
Largest shareholder Seokju Choi acquired 111,557 additional shares of CHUNGDAMGLOBAL through open market purchases from June 29 to July 1, 2026, raising his stake from 39.51% to 40.04%.
The acquisition funds of approximately 479 million KRW were fully self-financed from labor and financial income.
The number of shares subject to major contracts decreased from 4,163,979 to 3,828,633 shares due to partial repayment of stock-backed loans.
Currently, a total of 3,828,633 shares representing 18.11% are pledged under contracts with KB Securities, Woori Investment & Securities, and Samsung Securities.
The report is filed for management influence purpose; the filer stated that although there are no specific plans, he will consider appropriate actions as a shareholder regarding management matters in the future.
[AI Summary]The slight increase in stake by Chairman Seokju Choi signals management stability, but the 18% pledged shares pose margin call risk in case of price decline. The self-funded acquisition is positive for financial soundness.