Large Shareholding Report: Stock Merger and Purchase Agreement, Financial Burden Concerns

Large shareholding change reported after stock merger (5:1)
Estelle Union No. 1 enters share purchase agreement for 8 billion won (1st interim 3B, 2nd 0.6B, balance 3.6B)
Special clause: if sold above 8 billion won, 25% of profit paid to seller
Counterparty provides joint guarantee and share collateral for related loan
Reporter (Lucy Inc.) financials: assets 7,905, liabilities 7,907, equity -1 (excess liabilities)

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