Pre-maturity acquisition and full retirement of convertible bonds due to put option exercise


  • Exercised put option on Series 2 CB (issued 2023-10-31, balance KRW 2bn) resulting in pre-maturity acquisition of the entire amount.
  • Acquisition amount: KRW 2,025,140,000 (principal KRW 2bn + interest). Acquisition date: 2026-04-30.
  • After acquisition, total face value of CBs: KRW 0 (fully retired). Scheduled for cancellation at Korea Securities Depository.
  • Funding source: internal cash via OTC purchase.
  • Conversion price was adjusted to KRW 2,435 per share as of 2025-07-31; conversion rights extinguished upon full acquisition.

KOSDAQ Filing Information


  • Filing: Acquisition Of Convertible Bonds (Including Overseas Convertible Bonds) Before Maturity After Issuance (2nd Series)
  • Company: Shin Steel (162300)
  • Submission: Shin Steel Co., Ltd.
  • Receipt: 04-30-2026
  • Under KRX KOSDAQ Market Division