Completion of 3rd Convertible Bond Issuance of 40 Billion Won... Potential Dilution Equivalent to 15% of Market Cap

PIM KOREA completed the issuance of the 3rd unsecured private convertible bond worth 40 billion won on July 20, 2026.
This amount represents approximately 15% of the current market capitalization of 263.6 billion won, raising concerns over potential dilution of existing shareholders.
The bonds are unlisted private placements, and detailed conversion terms or the specific use of proceeds were not disclosed in this result report.
[AI Summary]The 40 billion won CB issuance carries a potential dilution risk exceeding 15% of market cap, and the lack of disclosure on conversion terms and fund allocation adds uncertainty, negatively impacting shareholder value.