SC Engineering adjusted the conversion price of its 12th unsecured private convertible bond from 1,236 KRW to 1,031 KRW, a 16.6% decrease.
This routine adjustment due to market price decline increases the number of convertible shares from 12,135,922 to 14,548,981, an increase of 2,413,059 shares.
[AI Summary]SC Engineering lowered the conversion price of its convertible bonds by 16.6% due to a drop in market price, increasing potential shares by about 19.9%. This may dilute existing shareholders and put downward pressure on the stock price.
KOSPI Filing Information
Adjustment of Conversion Price, Exercise Price of Stock Subscription Rights, and Exchange Price (Notice of Disclosure)