DA Technology Signs Stock Collateral Agreement with SMO

[Asia Economy Reporter Seongpil Cho] DA Technology announced on the 1st that Esmo has signed a stock collateral provision contract involving a change in the largest shareholder.

Esmo's shareholding ratio in DA Technology is 9.21%. A debt amount totaling 15.2 billion KRW has been set, and all held shares will be provided as collateral.

The company stated, "If the third and fourth convertible bonds of Esmo held by the creditor are converted into stocks and the secured debt amount decreases, a partial cancellation of the collateral corresponding to the reduced portion will be possible."