MOA Life Plus Co. Ltd. Moadata stake falls to 10.93% after forced sale of pledged shares
MAI summary · Not investment advice
Moadata Co., Ltd.'s stake in MOA Life Plus Co. Ltd. fell from 17.32% to 10.93% after about 1.39 million pledged shares were force-sold on the market at KRW 267 each on October 28.
Stake
10.93%
Previous 17.32%; -6.39%p
Key facts
- Reporting holder
- Moadata Co., Ltd. and 1 related party
- Previous stake
- 17.32%
- Purpose of holding
- Influence on management control
- Reason for change
- On-market sale through forced liquidation
- Relationship with issuer
- Largest shareholder
- Report type
- Change and amendment
- Reason for report
- On-market sale through forced liquidation and amendment of share pledge contracts
- Previous shares held
- 3,772,134 shares
- Shares held
- 2,380,239 shares
- Method of change
- On-market sale through forced liquidation
- Reason for amendment
- Amendment of share pledge contracts due to forced liquidation
- Previous shares under major contracts
- 3,622,134 shares16.63%
- Shares under major contracts
- 2,230,239 shares10.24%
- Total under contracts
- 2,230,239 sharesTotal 10.24%
- Reporting obligation date
- Oct 28, 2026
Commentary
AI commentary · Not investment advice
What happened
The stake of Moadata Co., Ltd., the largest shareholder of MOA Life Plus, fell from 17.32% to 10.93%. This happened because pledged shares were sold through forced liquidation. Forced liquidation is when a lender sells shares that were pledged as collateral for a share-backed loan. On October 28, 1,391,895 shares held by Moadata were sold on the stock market at KRW 267 per share. Together with 1 related party, the group's holding went from 3,772,134 shares to 2,380,239 shares.
In the company's terms
The stake is based on 21,779,615 voting shares. It is 6.39%p lower than in the previous report. Pledged shares fell from 3,622,134 (16.63%) to 2,230,239 (10.24%). The 3 remaining pledge contracts are all with Sangsangin Savings Bank. The loans are KRW 700.0 million, KRW 2.3 billion and KRW 1.5 billion. The interest rates are 3.0%, 10.0% and 12.0%. The collateral maintenance ratio, the minimum value of pledged shares relative to the loan, is 130% to 160%.
What changes for shareholders
The 2 contracts covering 1,108,105 and 922,134 shares end on November 15, 2026. The contract covering 200,000 shares runs until September 20, 2028. The stated purpose of the holding is to influence management. The filing says Moadata exercises influence as the largest shareholder on matters such as electing executives, amending the articles of incorporation and dividends.
Earlier Report on Large Shareholdings filings from this company
| Filed | Reporting holder | Stake | Change |
|---|---|---|---|
| 26.11.132026.11.13 | — | 0.69% | −10.24%p |
| 26.11.042026.11.04 | Sangsangin Savings Bank Co., Ltd. | 10.24% | +17.52%p |
| 26.10.152026.10.15 | Moadata Co., Ltd. and 1 related party | 17.32% | −0.57%p |
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