HYOSUNG CORPORATION Cho Hyun Joon group revises pledges; shares under contracts rise to 48.44%
HAI summary · Not investment advice
The stake of largest shareholder Cho Hyun Joon and 10 related parties in HYOSUNG CORPORATION stayed at 57.23%, while shares under contracts rose from 7,914,818 to 8,109,381.
Total under contracts
8,109,381 shares
48.44% · previous 7,914,818 shares (47.28%)
Key facts
- Stake
- 57.23%
- Reporting holder
- Cho Hyun Joon and 10 related parties
- Purpose of holding
- Influence over management
- Relationship with issuer
- Largest shareholder
- Report type
- Change in contracts
- Reason for report
- Share purchase contract and changes to pledge contracts
- Shares held
- 9,580,475 sharesPrevious 9,579,739 · change 736 shares
- Source of funds
- KRW 116.9 millionOwn funds
- Reporting obligation date
- Sep 29, 2026
Commentary
AI commentary · Not investment advice
What happened
The group of Cho Hyun Joon, the largest shareholder of HYOSUNG, signed or changed share pledge contracts (loans backed by shares). A pledge of 193,761 shares by Cho to a securities firm for a KRW 20.0 billion loan is dated September 30. A family member also signed or changed pledges with two lenders on the same day. Cho also agreed to acquire 736 shares from a related person at KRW 158,800 per share, with the trade set for October 29, 2026.
In the company's terms
The combined stake stayed at 57.23%, based on 16,740,407 voting shares. Shares under contracts rose from 7,914,818 (47.28%) to 8,109,381 (48.44%). Eleven of Cho's contracts are deposits with a court that secure tax paid in installments. Pledge loan interest rates range from 4.10% to 5.10%.
What changes for shareholders
Three pledges with one securities firm run until October 31, 2026. Others run until November 2 and December 14, 2026.
Earlier Report on Large Shareholdings filings from this company
| Filed | Reporting holder | Stake | Change |
|---|---|---|---|
| 26.11.052026.11.05 | Cho Hyun-joon and 11 specially related persons | 57.23% | 0.00%p |
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