NGeneBio Co., Ltd. Sangsangin Savings Bank stake falls from 24.71% to 16.96% on CB price adjustment and collateral changes
NAI summary · Not investment advice
Sangsangin Savings Bank reported its stake in the company fell from 24.71% to 16.96%, due to convertible bond price adjustment and collateral disposal right changes.
Stake
16.96%
Key facts
- Reporting holder
- Sangsangin Savings BankIncludes related party Sangsangin Plus Savings Bank, 2 persons in total
- Previous stake
- 24.71%
- Previous shares held
- 8,215,962 shares
- Shares held
- 3,285,613 shares
Commentary
AI commentary · Not investment advice
What happened
Sangsangin Savings Bank reported that its holding in Enzenbio fell from 8,215,962 shares to 3,285,613 shares.
In the company's terms
Its stake went from 24.71% to 16.96%. This is a large-holding report, which a shareholder with 5% or more must file when its stake changes significantly.
What changes for shareholders
The filing gives two reasons. One is an adjustment of the conversion price on convertible bonds (bonds that can later be turned into shares) it already held. The other is the creditor gaining and using a right to dispose of collateral after a loan lost its benefit of term (the right not to repay before maturity), and that right ending once the benefit was restored. The collateral rights arose in a customer account. The materials list the savings bank's own change as -1,250 shares.
Earlier Report on Large Shareholdings filings from this company
| Filed | Reporting holder | Stake | Change |
|---|---|---|---|
| 26.10.082026.10.08 | SynergyIB Investment Co.Ltd and 2 related parties | 0% | −5.26%p |
Comments
No comments yet
Comments from shareholders will appear here.
Get the next disclosure as an app alert
Get app alerts for new disclosures and stake changes on your watchlist