Correction to Convertible Bond Issuance: Maturity Redemption Rate Adjusted to 113.0412%, Call Option Shortened, Collateral Expanded
Maturity redemption rate corrected from 6% to 113.0412% (principal plus interest)
Call option exercise period shortened: from May 22 to Sep 22, 2027 (previously Nov 22)
Collateral expanded: provided to Sangsangin affiliates (Sangsangin Savings Bank & Sangsangin Plus Savings Bank) at 130% of each investor's principal, secured by real estate in Gangnam-gu, Yeoksam-dong
Stock merger (5:1) implemented, resulting in changes to conversion price and number of shares
Purpose of convertible bond issuance: funds for acquisition of land and building in Yeoksam-dong, Gangnam-gu, Seoul
KOSDAQ Filing Information
Filing: [Correction of Description] Report on Major Matters (Decision on Issuance of Convertible Bonds)