KRW 11B CB Issuance to Related Party of Major Shareholder…Potential Dilution 33.7%
KUMHO ELECTRIC decided to issue KRW 11 billion worth of 12th series unsecured private convertible bonds to White Whale Union No.1, a related party of the largest shareholder
Conversion price: KRW 3,120, maturity: June 30, 2029, coupon rate: 4%, yield to maturity: 7%
Including the existing 13th series CB (KRW 3 billion, conversion price KRW 4,685), total potential dilution is 33.7% of post-split outstanding shares (12,376,016), equivalent to 4,165,982 new shares
Correction of previous conversion price (KRW 624) and number of shares (17,628,205) due to a 5:1 reverse stock split effective July 17, 2026
KOSPI Filing Information
Filing: [Correction of Description] Report on Major Matters (Decision on Issuance of Convertible Bonds)