E-Land Retail Maintains 47.96% Stake in E KOCREF CR-REIT as Stock Collateral Loan Extended
E-Land Retail as the largest shareholder maintained its 47.96% stake in E KOCREF CR-REIT with no change in shares during the period.
The stock collateral loan agreement with Samsung Securities was extended covering 3.66 million shares 5.78%. The existing agreement with Shinhan Investment remains unchanged.
Interest rates are 6.30% and 6.00% respectively with total pledged shares of 5.03 million, representing 16.6% of its holding.
The purpose remains influence over management, while individual related parties hold for simple investment.
[AI Summary]This is a routine change report due to extension of collateral loans with no new funding or dilution. The impact on stock price is limited.