KANGWON ENERGY Co., Ltd. Largest shareholder PSM PARTNERS takes a new KRW 1.5 billion share-backed loan
KAI summary · Not investment advice
PSM PARTNERS and 2 related parties keep a 47.17% stake in KANGWON ENERGY Co., Ltd. and signed a new share-backed loan. Shares pledged total 2,044,693, with the nearest maturity on November 16, 2026.
Total under contracts
2,044,693 shares
7.82% · previous 6.41%
Key facts
- Stake
- 47.17%Previous 47.17% · 0%p
- Reporting holder
- PSM PARTNERS and 2 related parties
- Previous stake
- 47.17%
- Purpose of holding
- Influence over management
- Relationship with issuer
- Largest shareholder
- Report type
- Change in contracts
- Reason for report
- Signing of a share-backed loan agreement
- Previous shares held
- 12,321,159 shares
- Shares held
- 12,321,159 shares
- Previous shares under major contracts
- 1,675,689 shares6.41%
- Reporting obligation date
- Sep 30, 2026
Commentary
AI commentary · Not investment advice
What happened
KANGWON ENERGY's largest shareholder, PSM PARTNERS, signed a new share-backed loan, borrowing money by pledging shares it owns. It pledged 369,004 shares to a securities firm for a KRW 1.5 billion loan. The contract runs from September 30 to December 28, 2026. Together with 2 related parties (people counted with the holder), the stake stays at 47.17%.
In the company's terms
KANGWON ENERGY has 26,123,038 voting shares in issue. Pledged shares rose from 1,675,689 (6.41%) to 2,044,693 (7.82%). There are 5 pledge contracts with 4 securities firms. Interest rates range from 5.20% to 6.00%. If the shares' value falls below a set multiple of the loan, more collateral is required; this maintenance ratio is 170% to 200%.
What changes for shareholders
Three of the contracts end on November 16, 2026, the nearest maturity.
Earlier Report on Large Shareholdings filings from this company
| Filed | Reporting holder | Stake | Change |
|---|---|---|---|
| 26.11.062026.11.06 | Pyeongsan Partners Co., Ltd. and 2 related parties | 47.17% | 0.00%p |
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