Enchem Posts Q1 2026 Operating Loss of KRW 24.2B, Faces Change in Top Shareholder and Liquidity Moves

Consolidated Q1 2026: Revenue KRW 84.1B, operating loss KRW 24.2B, net loss KRW 11.4B (no YoY comparatives provided).
In March 2026, largest shareholder changed from Oh Jeong-kang et al. to Wyatt Group (9.39% stake).
New largest shareholder Wyatt Group pledged all its shares as collateral to Meritz Securities (accompanies change in control).
To secure liquidity, decided to sell 49% stake in SHINGHWA AMPEREX CORPORATION for KRW 49B (classified as assets held for sale).
Acquisition of 100% stake in China's Shidai Sikang New Materials Co., Ltd. ongoing but delayed to June 2026.
Increase in convertible bonds and derivative liabilities: derivative liabilities KRW 103.5B, convertible bonds KRW 92.8B.
Prior period error correction led to restatement of financial statements (minor impact).
Previous year's sales cancellation triggered trading suspension, later lifted; company was designated as unfaithful disclosure entity and fined.

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