KwangjinInd Largest shareholder's share pledge for KRW 1.7 billion lifted, 1,011,206 shares, after forced sale
KAI summary · Not investment advice
The pledge of 1,011,206 shares that Gwangjin Silup's largest shareholder DNT International put up for a KRW 1.7 billion loan was lifted on November 11.}
Commentary
AI commentary · Not investment advice
What happened
Gwangjin Industrial's former largest shareholder, DNT International Co., Ltd., had a share pledge released. The pledge covered 1,011,206 shares put up as collateral for a KRW 1.7 billion loan from the creditor Jeong Sang-ho.
In the company's terms
The pledge ended because of a forced sale (a sale of pledged shares by the lender to recover the loan). This forced sale led to a change in the largest shareholder. The contract was therefore cancelled.
What changes for shareholders
As of the filing date, DNT International holds 16,264 shares, which is a 0.2% stake. The total number of its shares still pledged is now 0.
Earlier Change of Largest Shareholder filings from this company
| Filed | Title | Key figure · Note |
|---|---|---|
| 26.11.112026.11.11 | [Amended] Change of Largest Shareholder | 12.87% · Previous largest shareholder: 12.96% |
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