Haesung Optics Stake Cut by 3.30%p by Ti7 Jaedoyak Johap, Dilution Risk from CB Conversion and Open Market Sale
Ti7 Jaedoyak Johap reported a reduction in its stake in Haesung Optics from 6.12% to 2.82%, a decrease of 3.30 percentage points.
The holder converted convertible bonds into common shares and then sold them on the open market at an average price of 1,257 KRW per share.
During this process, the total number of outstanding shares increased by 36% from 43,453,198 to 59,236,180, diluting existing shareholders.
[AI Summary]Ti7 Jaedoyak Johap's stake reduction indicates dilution from CB conversion and supply pressure from open market sales. Existing shareholders should be cautious of potential stock price decline.