Subsidiary NW Holdings Converts Loan to Equity for Wallapop Acquisition (Amended: Shares/Amount/Schedule Adjusted)
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Subsidiary NW Holdings plans to convert loans into equity to secure funds for Wallapop acquisition (amended disclosure)
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Amended (Feb 2) vs. original (Dec 16): new shares 562,707,374 → 563,546,415; proceeds KRW 972.7bn → 974.2bn
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Par/issue price KRW 1,729 per share; record date, payment date, dividend commencement date: Feb 2, 2026
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Parent company will lend KRW 973bn (€563mn) to subsidiary, then convert including interest
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Actual amount may vary due to exchange rate fluctuations
KOSPI Filing Information
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Filing: [Correction of Description] Decision on Paid-in Capital Increase (Major Management Matters of Subsidiary)
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Company: NAVER (035420)
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Submission: NAVER Corporation
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Receipt: 02-02-2026
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Under KRX KOSPI Market Division