DKME largest shareholder stake rises to 38.54% after consolidation and rights offering, collateral restructured
- Due to DKME's stock consolidation (par value from KRW 500 to KRW 2,500) and third-party allocation rights offering (payment on May 11, 2026), the combined stake of largest shareholder Deokyang Energen and special relation Wolf increased from 30.76% to 38.54%
- The existing share pledge by Wolf to KDB (7,290,891 shares, 13.65% stake) was released and replaced with real estate collateral for a KRW 220 billion loan
- Deokyang Energen borrowed KRW 170 billion from Nonghyup (May 8, 2026 to May 8, 2027, unsecured)
- Wolf borrowed KRW 220 billion from KDB (May 11, 2026 to May 11, 2033, interest rate 3.97% (6-month KDB AA+1.17%))
- Acquisition funds were sourced from internal funds and partial borrowings
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KOSPI Filing Information
- Filing: [Correction of Description] Report on Large Shareholdings (General)
- Company: DKME (015590)
- Submission: Deokyang Energen Corporation
- Receipt: 05-18-2026