EM&I Decides to Issue Convertible Bonds Worth 5.1 Billion KRW
[Asia Economy Reporter Eunmo Koo] EM&I announced on the 14th that it has decided to issue 5.15 billion KRW worth of bearer, coupon-bearing, unsecured private convertible bonds (CB) to raise funds for acquiring securities of other corporations. The conversion price is 500 KRW per share, and the shares to be issued upon conversion amount to 10.3 million shares, representing 37.15% of the total number of shares. The conversion request period is from May 13, 2021, to April 13, 2023.
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