Sangshin EDP Decides to Issue Convertible Bonds (with Put/Call Options)
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The company decided to issue convertible bonds via private placement to 15 private equity funds (correction filing).
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Bondholders have quarterly put options starting 18 months after issuance (1st put date: 2027-11-08, redemption rate 103.0378%).
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The company holds a call option after 17 months (2027-10-08, purchase rate 102.8678%).
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Upon exercise of call option, bondholders are obligated to sell; mandatory holding period until 2027-09-08.
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The correction involves minor changes to fund names in the list of specific investors (simple clerical correction).
KOSDAQ Filing Information
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Filing: [Correction of Description] Report on Major Matters (Decision on Issuance of Convertible Bonds)
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Company: Sangshin Energy Display Precision (091580)
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Submission: Sangshin Energy Display Precision Co., Ltd.
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Receipt: 05-06-2026