Binex Co., Ltd. TheAble affiliate's pledged shares fall to 219,948; stake unchanged at 10.76%
BAI summary · Not investment advice
TheAble Co.,Ltd. and related parties keep a 10.76% stake in Binex Co., Ltd. An affiliate partly repaid a share-backed loan, cutting pledged shares to 219,948.
Total under contracts
219,948 shares
0.67% · previously 234,803 shares (0.72%)
Key facts
- Stake
- 10.76%Previous 10.76% · no change
- Reporting holder
- TheAble Co.,Ltd. and 2 related parties
- Previous stake
- 10.76%
- Purpose of holding
- To influence management
- Relationship with issuer
- Largest shareholder
- Report type
- Change in contracts
- Reason for report
- Partial repayment of a share-backed loan by a related party and extension of its loan term
- Previous shares held
- 3,516,305 shares
- Shares held
- 3,516,305 shares
- Reason for amendment
- Partial loan repayment and loan term extension by a related party
- Previous shares under major contracts
- 234,803 shares0.72%
- Shares under major contracts
- 219,948 shares0.67%
- Reporting obligation date
- Oct 12, 2026
Commentary
AI commentary · Not investment advice
What happened
TheAble Co.,Ltd., the largest shareholder of Binex, and 2 related parties reported a change in a collateral contract. An affiliate partly repaid a loan from Shinhan Securities backed by its shares (share-backed loan). Pledged shares fell from 234,803 to 219,948. The loan term was also extended to April 12, 2027.
In the company's terms
The group still holds 3,516,305 shares. That is 10.76% of the 32,684,188 voting shares. Pledged shares equal 0.67%. The remaining loan is KRW 1.4 billion at 5.55% interest. Collateral must stay at 150% or more of the loan (maintenance ratio).
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