What happened
Refine's largest shareholder (RealtyFine Co., Ltd.) pledged shares as loan collateral, securing up to US$36.6M.
If the collateral is enforced, the largest shareholder's stake, and with it, control of the company, could change.
| Largest shareholder | RealtyFine Co., Ltd. |
|---|---|
| Current stake | 34.05% |
| Loan secured | US$36.6M |
| Stake if enforced | 0% |
| Filed | 2026-08-25, Share-pledge agreement that may change the largest shareholder |
| Source | DART rcept 20260825900261 → open original filing |
Source: DART. Information only, not investment advice.