YOULCHON CHEMICAL CO.,LTD Shin Dong Youn group's pledged shares fall to 13.30% after tax collateral release
YAI summary · Not investment advice
The stake of Shin Dong Youn and 9 related parties in YOULCHON CHEMICAL CO.,LTD stayed at 56.66%, while shares under contracts fell from 3,687,989 to 3,300,729 after tax collateral was released.
Total under contracts
3,300,729 shares
13.30% · previous 3,687,989 shares (14.86%)
Key facts
- Stake
- 56.66%
- Reporting holder
- Shin Dong Youn and 9 related parties
- Purpose of holding
- Influence over management
- Relationship with issuer
- Registered executive
- Report type
- Change in contracts
- Reason for report
- Change in pledged shares after release of tax collateral
- Shares held
- 14,053,881 sharesSame as previous report
- Reporting obligation date
- Oct 6, 2026
Commentary
AI commentary · Not investment advice
What happened
Some shares that the group of Shin Dong Youn, a registered executive of YOULCHON CHEMICAL, had pledged as tax collateral were released. The group refiled because the number of shares under contracts changed. No shares were traded.
In the company's terms
The combined stake with related parties, including Nongshim Holdings, stayed at 56.66%, based on 24,800,000 voting shares. Shares under contracts fell from 3,687,989 (14.86%) to 3,300,729 (13.30%). Shin himself pledged shares to a securities finance company for loans of KRW 14.2 billion and KRW 9.0 billion, at 4.37% and 4.75% interest.
What changes for shareholders
The two remaining tax collateral deposits belong to a family member paying gift tax in installments. They stay in place until released. The earlier of the two loans runs until March 28, 2027.
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