[Public Notice+] Truewin Acquires Bonds Before Maturity After CB Issuance... Strengthening Financial Soundness

[Asia Economy Reporter Eunmo Koo] Truewin, a KOSDAQ-listed company, has acquired part of its convertible bonds (CB) to strengthen its competitiveness through financial structure improvement.

Sensor specialist Truewin announced on the 21st through a disclosure that it acquired bonds before maturity after issuing convertible bonds. The company acquired 3.5 billion KRW out of 6 billion KRW of the 8th series convertible bonds issued in March last year, based on an agreement with bondholders.

A company official stated, "Acquiring the convertible bonds before maturity is expected to reduce the debt ratio. We are also making efforts to improve other financial indicators such as the current ratio, and not only focusing on improving financial metrics but also strengthening competitiveness and enhancing profitability through a bold reorganization of the product supply portfolio across all management areas."

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