This is an amended filing
INTEROJO CO. LTD. Correction: largest shareholder's share pledge, KRW 32.1 billion borrowed
IAI summary · Not investment advice
The filing corrects the largest shareholder's pledge to KRW 32.1 billion borrowed and 3,213,087 shares pledged.
Commentary
AI commentary · Not investment advice
What happened
The largest shareholder of Interojo, Roh Si-cheol, pledged his shares as collateral for a loan. This filing corrects an earlier one because the loan amount and the number of pledged shares changed.
In the company's terms
The total loan is KRW 32,115,127,872. The total secured amount (the ceiling the lenders can claim against the collateral) is KRW 46,068,222,767. The cumulative number of pledged shares is 3,213,087.
What changes for shareholders
As of the filing date, he holds 3,315,211 shares, a 29.05% stake. If all the collateral were enforced (the lenders sold the pledged shares), he would keep 102,124 shares. His stake would then be 0.89%.
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