DAIYANG METAL acquires 1.9M CB of CrowdWorks securing 10.69% stake for simple investment

DAIYANG METAL has acquired 1,900,237 convertible bonds of CrowdWorks at 2,105 KRW per bond, reporting a new 10.69% stake.
The acquisition is stated to be for simple investment purposes without intent to influence management.
Full conversion of the CBs would create potential dilution of approximately 12% of total outstanding shares.
[AI Summary]DAIYANG METAL's CB acquisition worth about 4 billion KRW is a simple investment but carries over 10% potential dilution risk, negatively impacting existing shareholder value.