Dayang Metal, Decides to Issue 10 Billion KRW Convertible Bonds (CB)
[Asia Economy Reporter Eunmo Koo] Daeyang Metal announced on the 14th that it has decided to issue a total of 10 billion KRW in anonymous bearer subordinated unsecured private convertible bonds (CB) to raise 6 billion KRW for operating funds and 4 billion KRW for debt repayment. The conversion price is 2,690 KRW per share, and the shares to be issued upon conversion amount to 3,717,472 shares, representing 8.78% of the total number of shares. The conversion request period is from May 28, 2021, to April 27, 2023.
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