What happened
Pavonine's largest shareholder (an individual) pledged shares as loan collateral to a financial company, securing up to US$4.83M.
If the collateral is enforced, the largest shareholder's stake, and with it, control of the company, could change.
| Largest shareholder | an individual |
|---|---|
| Current stake | 26.65% |
| Loan secured | US$4.83M |
| Stake if enforced | 1.64% |
| Filed | 2026-10-21, [Amended] Share-pledge agreement that may change the largest shareholder |
| Source | DART rcept 20261021900627 → open original filing |
Source: DART. Information only, not investment advice.