Daemyung Chemical reduces pledged shares in Moda-InnoChips from 47.98% to 45.48% via partial loan repayment, improving financial flexibility
Daemyung Chemical fully repaid stock pledge loans on 1,992,529 shares of Moda-InnoChips, reducing the number of shares under major contracts from 38,247,989 to 36,255,460.
The pledge ratio decreased from 47.98% to 45.48%, partially alleviating potential dilution risk from forced sales.
The filer maintains a 75.69% stake as the largest shareholder, while four of six existing pledge contracts remain with floating interest rates of 4.5% to 5.2%.
[AI Summary]The partial repayment of stock pledges by Daemyung Chemical is positive for reducing financial burden and pledge risk, but since over 45% of shares remain pledged, further repayments will be a key variable for the stock price outlook.