BDI Partially Sells Shares on Market to Repay Major Shareholder's Loan... "Not a Forced Sale"
[Asia Economy Reporter Hyunseok Yoo] An Seung-man, chairman and major shareholder of BDIA, announced on the 29th through a disclosure that he sold 309,770 shares out of his holdings (4,939,693 shares) on the market to repay a stock-backed loan. As a result, Chairman An's stake decreased by 1.52%, from 24.23% to 22.71%.
BDIA explained that this share sale was to repay a secured loan related to 'Sangsangin Plus Savings Bank' and is unrelated to the execution of collateral rights (forced sale).
A BDIA official stated, "We are aware of shareholders' concerns about forced sales due to recent significant market fluctuations in BDIA's stock price," adding, "With part of Chairman An's stock-backed loan repaid through this share sale, we plan to focus on responsible and stable management of BDIA as promised."
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
- "Don't Throw Away Coffee Grounds" Transformed into 'High-Grade Fuel' in Just 90 Seconds [Reading Science]
- "Am I Really in the Top 30%?" and "Worried About My Girlfriend in the Bottom 70%"... Buzz Over High Oil Price Relief Fund
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
Last November, Chairman An exercised a call option on convertible bonds (CB) to acquire 1,009,344 treasury shares, expressing confidence in the growth potential of the core business in eco-friendly and renewable energy sectors and new bio-business ventures. Additionally, he returned as CEO last month to accelerate responsible management and new business initiatives.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
