Largest Shareholder Kang Jae-gu Extends Pledge on 3.29M Shares – 77.7% of His Stake Pledged
- Largest shareholder Kang Jae-gu extended the pledge agreement on 3,288,533 shares (11.38% of total outstanding) to IBK Industrial Bank for one year (2026-05-20 to 2027-05-20), representing 77.7% of his holding of 4,233,143 shares (14.65% stake).
- If all pledged shares are executed, the largest shareholder's stake would drop from 14.65% to 3.27%, a reduction of 11.38 percentage points.
- Total collateral amount is KRW 2.748 billion against a debt of KRW 2.29 billion; implied collateral value per share is approximately KRW 836 (a 12.1% premium over the current price of KRW 746).
- The pledge is to secure funds for rights offering subscription; default or acceleration could trigger enforcement of the pledge.
ADVERTISEMENT (250px+)
KOSDAQ Filing Information
- Filing: [Correction of Description] Execution of Stock Pledge Agreement Involving Change of Largest Shareholder
- Company: WooGene B&G (018620)
- Submission: WooGene B&G Co., Ltd.
- Receipt: 05-20-2026
- Under KRX KOSDAQ Market Division