DHX Company Withdraws 14.5 Billion KRW Asset Acquisition, Eliminating Dilution Risk from Convertible Bonds
DHX Company mutually agreed to withdraw its decision to acquire land and buildings in Anyang, Gyeonggi Province worth approximately 14.5 billion KRW, which was resolved by the board on July 1, 2025.
The original payment plan included 10 billion KRW to be funded via the issuance of 32nd and 33rd series convertible bonds to the seller, but the contract cancellation nullifies this issuance, eliminating potential dilution for existing shareholders.
The withdrawal, based on mutual agreement due to internal circumstances of both parties, allows the company to avoid a large capital outlay and maintain financial stability without the burden of future dilution.
[AI Summary]DHX Company's cancellation of an asset acquisition equivalent to 77% of its market capitalization prevents massive dilution from convertible bonds and financial strain, protecting existing shareholder value in the short term, though it also forfeits a potential growth opportunity.
KOSDAQ Filing Information
Other Major Management Matters (Withdrawal of Decision to Acquire Tangible Assets)