Major Shareholder Changho Park Increases Pledged Shares Ratio from 8.85% to 9.69% via Contract Amendment
SG's largest shareholder Changho Park reported a change in pledge contracts for held shares as of July 1, 2026.
The actual number of shares held remained unchanged at 19,565,140 shares or 17.80%, but the number of shares subject to major pledge agreements increased from 9,699,383 shares 8.85% to 10,615,261 shares 9.69%.
This resulted from new pledge contracts entered by special relation Choi Soon-bok with Woori Investment & Securities and SangSangin Securities, while existing pledges by Park were maintained.
Pledge details: Kiwoom Securities 2,520,500 shares loan ₩3,199,609,300 at 7.50% maintenance ratio 170%, SangSangin Securities 3,541,000 shares loans ₩2,500,000,000 at 8.00%~9.50% maintenance ratio 200%~220%, SangSangin Plus Savings Bank 3,296,194 shares as collateral guarantee, Woori Investment & Securities 1,257,567 shares loan ₩1,009,825,900 at 6.30% maintenance ratio 140%.
The purpose is to influence management; no specific plans currently but shareholder rights will be exercised on major issues.
[AI Summary]This filing by SG's largest shareholder Park shows no change in ownership but an increase in pledged shares, indicating higher financial leverage. While no dilution risk exists, the higher debt burden may pressure the shareholder if stock price falls. Investors should monitor the shareholder's pledge status and potential need for additional funding.