MYH's Stake in Western T&D Rises to 49.93% Due to Share Cancellation and Loan Extension
MYH, as the largest shareholder of Western T&D, filed this report with unchanged share count. However, due to the cancellation of 650,000 treasury shares, the total voting shares decreased, raising the stake from 49.43% to 49.93%.
The reason for filing is the extension of existing collateral loans, with 37 collateral agreements in place, primarily with financial institutions such as Hana Securities, KB Securities, and Daishin Securities.
The filer states the purpose is to influence management as the largest shareholder, but currently has no specific plans for management changes, though decisions may be made in the future.
[AI Summary]This report reflects only a share cancellation and loan extension, with no new capital raising or direct stock price impact. However, the high collateral ratio of the largest shareholder poses potential risks.