Sungwoo Electronics acquired KRW 1 billion (face value) of its 2nd series unregistered, interest-bearing, unsecured private convertible bonds before maturity using own funds via over-the-counter purchase
The acquisition amount is KRW 1,019,242,000, made upon exercise of the issuer's call option
After acquisition, remaining convertible bond face value decreased to KRW 7 billion
Future disposal of the acquired bonds is to be decided by the board
The conversion price is KRW 2,973, below the current stock price (KRW 3,050), partially reducing potential dilution concerns
KOSDAQ Filing Information
Filing: Acquisition of Convertible Bonds (Including Overseas Convertible Bonds) Before Maturity After Issuance