Issued 3rd series private exchangeable bonds of KRW 14.09B (0% coupon and yield) to repay debt, improving leverage and reducing interest costs.
EB conversion price at KRW 56,500 (26% premium to current price), exchangeable into 249,303 treasury shares (4.98% of outstanding) – no dilution.
Maintained dividend for 22 consecutive years, DPS KRW 1,400 (dividend yield 2.6–2.8%), providing stable shareholder return.
[AI Summary]Chongkundang Holdings benefits from strong 2025 earnings and debt refinancing via zero-coupon EB, but lack of formal dividend policy and limited minority communication are mild concerns.