Daekwang Pledges Entire 10.71% Stake for 4.4 Billion Won Loan; Risk of Change in Control
- MOBILE APPLIANCE's largest shareholder Daekwang pledged its entire stake of 3,486,210 shares (10.71%) as collateral for a 4.4 billion won loan
- Enforcement conditions include margin call and maturity default; if enforced, the shareholder's stake would drop to zero, potentially changing control
- The pledge period is from April 29 to June 28, 2026 (2 months)
- Daekwang recorded total assets of 141.8 billion won, liabilities of 93.5 billion won, and a net loss of 15.1 billion won in 2025, indicating financial distress
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KOSDAQ Filing Information
- Filing: Contract for Provision of Share Pledge Involving Change of Largest Shareholder
- Company: MOBILE APPLIANCE (087260)
- Submission: MOBILE APPLIANCE, INC.
- Receipt: 05-18-2026
- Under KRX KOSDAQ Market Division