QCP New Technology Investment Fund No. 28 Sells Majority of Moadata Convertible Bonds, Stake Drops from 9.46% to 3.37%

QCP New Technology Investment Fund No. 28 reported holding 1,269,035 convertible bonds representing shares in Moadata as of July 20, 2026, a decrease of 2,356,780 bonds from the previous report, achieved through an off-market sale.
The sale price of 1,379 won per bond is approximately 60% above the current stock price of 860 won, suggesting profit-taking by the institutional investor. The remaining convertible bonds correspond to 3.37% of total outstanding shares, posing potential dilution risk if converted in the future.
[AI Summary]The large-scale sale of Moadata convertible bonds by QCP New Technology Investment Fund No. 28 indicates profit realization and portfolio adjustment. The remaining 3.37% convertible bonds represent a latent dilution factor, but the sale itself is seen as a sign of reduced overhang in the short term.