The 13th series unsecured private convertible bonds worth 6.75 billion KRW were issued via payment-in-kind on July 9, 2026, used to pay the deposit for acquiring shares of other corporations without cash inflow.
The issuance size equals approximately 15% of the current market cap of 44.4 billion KRW, posing a significant potential dilution risk upon conversion.
The proceeds are designated for the acquisition deposit of Dongyang Precision and two other entities, indicating expansion intent but with uncertain investment returns.
As a private unlisted placement, the bonds carry limited liquidity and transparency, requiring investor caution.
[AI Summary]HanWool & Jeju issued 6.75 billion KRW of 13th series CBs as payment-in-kind to fund an acquisition deposit, creating a 15% potential dilution relative to market cap. The success of the acquisition will be critical for shareholder value.
KOSDAQ Filing Information
Securities Issuance Result (Voluntary Disclosure) (13th Series CB)