Sambu Construction's largest shareholder has changed from the previous DYD Co., Ltd. to Korea Asset Trust Co., Ltd.

According to a regulatory filing on the 28th, this change resulted from the effectiveness of a third-party allotment capital increase (debt-to-equity conversion) following the court's approval of the corporate rehabilitation plan. Following the change, the new largest shareholder, Korea Asset Trust Co., Ltd., holds 24,262,365 shares, securing a 19.64% stake.

Meanwhile, the previous largest shareholder, DYD Co., Ltd., held 7,778,498 shares (3.48%) before the change, but after the stock consolidation and debt-to-equity conversion, it will hold 4,113,980 shares (3.33%), reducing its stake.

The company explained that the direct reason for the change in the largest shareholder is the debt-to-equity conversion under the rehabilitation plan. The purpose of this stake acquisition is the debt-to-equity conversion of rehabilitation claims, and the acquisition funds were raised through the repayment of rehabilitation claims. In particular, the company stated that there are currently no plans to appoint or dismiss executives that would cause a change in management control following the acquisition.

Regarding key dates, the largest shareholder change date is July 4, 2026, and the change confirmation date is July 6, 2026. The company added that the change date is the actual effective date of the third-party allotment capital increase (debt-to-equity conversion). Additionally, it noted that the number of shares converted through the debt-to-equity swap may change in the future due to additional effects such as the gratuitous cancellation of fractional shares.

Meanwhile, Sambu Construction is currently proceeding sequentially with a stock consolidation, debt-to-equity conversion, stock re-consolidation, and a third-party allotment capital increase related to an M&A transaction, in accordance with its rehabilitation plan. Once the capital increase related to the M&A becomes effective, the largest shareholder is expected to change again, and the company plans to promptly notify investors through a follow-up regulatory filing when the effects take effect.