Blue Industrial Development Decides to Issue 16 Billion Won CB – Major Shareholder Participation and Conversion Price Adjustment
Blue Industrial Development decides to issue 16 billion won (8 billion from The Best Union, 8 billion from PMA Union) in convertible bonds
PMA Union is the major shareholder (99.98% owned by Light and Electronics Co., Ltd.), raising funds for business objectives
Proceeds used to acquire securities of other corporations (Arc Union No. 1 and The Best Union)
Conversion price and number of shares recalculated due to payment date change (May 18, 2026) and free reduction of capital (12:1, effective May 8, 2026)
Includes put option (early redemption) and call option (issuer's right to sell) provisions
Coupon rate and maturity rate not disclosed; conversion price not disclosed (blank in original)
KOSPI Filing Information
Filing: [Correction of Description] Report on Major Matters (Decision on Issuance of Convertible Bonds)