Mason Capital Withdraws 5 Billion KRW Convertible Bond Issuance
[Asia Economy Reporter Jeon Jinyoung] Mason Capital announced on the 21st that it has withdrawn the decision to issue convertible bonds (CB) worth 5 billion KRW, which was resolved at the board meeting on the 14th.
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Mason Capital stated, "We conducted an additional review and found that two provisional injunctions filed by minority shareholders against the company may fall under regulations related to the issuance and disclosure of securities," adding, "Therefore, we are withdrawing the issuance of convertible bonds."
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