Debt-to-Equity Conversion of 30 Billion Won in Subsidiary Krisvalley, Securing 100% Stake
Acquisition of shares in other corporation: Acquired 10,486 common shares of subsidiary Krisvalley (acquisition amount 30 billion won) via debt-to-equity conversion, achieving 100% ownership.
Purpose: Improve subsidiary's financial structure (resolve capital impairment and reduce debt ratio).
Krisvalley financial status (2025): Total assets 166.9 billion won, total liabilities 167.2 billion won, total equity -2.35 billion won, net loss 10.79 billion won (loss widened from 2.62 billion won in prior year).
Acquisition funding: 7.1% of parent's equity (423.2 billion won), executed as debt-to-equity without cash outflow.
No change in ultimate parent: After acquisition, parent company KrisF&N retains 100% ownership of the subsidiary.
KOSDAQ Filing Information
Filing: Decision on Acquisition of Stocks and Investment Securities of Other Corporations