Studio Santa Claus Terminates Stock Collateral Agreement
[Asia Economy Reporter Jang Hyowon] Studio Santa Claus announced on the 4th that there is no possibility of a change in the largest shareholder due to the termination of the stock collateral provision contract with Sangsangin Savings Bank and Sangsangin Plus Savings Bank.
According to this announcement, the stock collateral provision contract was terminated as the stocks provided as collateral to the existing debtor SL Bionics and creditors Sangsangin Savings Bank and Sangsangin Plus Savings Bank were provided in cash, making it known that there is no possibility of a change in the largest shareholder.
The total number of shares provided as collateral is 3.42 million shares, and the collateral amount is 18.85 billion KRW, accounting for a 9.19% stake. The shareholding ratio was calculated based on the total issued shares of 37,208,655 as of the announcement submission date.
A representative of Studio Santa Claus stated, “We will strive to become a comprehensive entertainment company that spreads positive influence in line with the company’s direction and purpose.”
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Meanwhile, the noir genre film Gangneung, distributed by Studio Santa Claus, will be released on the 10th.
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