[Special Stock] Isu Abxis Drops 10% on News of Capital Increase and CB Issuance

Isu Abxis is showing a downward trend after announcing a paid-in capital increase worth 10 billion KRW and the issuance of convertible bonds (CB) worth 50 billion KRW.

As of 9:52 AM on the 13th, Isu Abxis was trading at 6,360 KRW, down 10.55% compared to the previous trading day.

Isu Abxis announced that it decided to carry out a paid-in capital increase worth 10 billion KRW targeting Isu Chemical to raise funds for debt repayment. Additionally, it disclosed that it decided to issue the 8th series of anonymous, coupon-bearing, unsecured public convertible bonds worth 50 billion KRW for the purpose of raising funds for debt repayment.