Andyforce Issues Convertible Bonds Worth 13 Billion Won
[Asia Economy Reporter Hyungsoo Park] Andyforce announced on the 25th that it will issue convertible bonds (CB) worth 13 billion KRW to raise operating funds. The Playke Investment Association will fully subscribe to the CB. The raised funds will be used to invest 3 billion KRW in the film business and spend 5 billion KRW on purchasing raw materials. The remaining funds will be used for equipment purchase and repair, as well as operating expenses.
Hot Picks Today
"Now Our Salaries Are 10 Million Won a Month" Record High... Semiconductor Boom Drives Performance Bonuses at Major Electronic Component Firms
- Experts Already Watching Closely..."Target Price Set at 970,000 Won" Only Upward Momentum Remains [Weekend Money]
- "Heading for 2 Million Won": The Company the Securities Industry Says Not to Doubt [Weekend Money]
- [Breaking] Prime Minister Kim Minseok Issues Public Statement on Samsung Electronics Strike: "Welcoming Resumption of Negotiations... Effectively the Last Opportunity"
- Is It Really Like an Illness? "I Can't Wait to Go Again"—Over 1 Million Visited in Q1, Now 'Busanbyeong' Takes Hold [K-Holic]
The bonds can be converted into common stock between April 3, next year, and March 3, 2023. The planned conversion price is 2,635 KRW.
This content was produced with the assistance of AI translation services.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
