[Public Notice+] IamYeonYi, Major Shareholder YeonYi Holdings Acquires Convertible Bonds... "Increase in Ownership Ratio"

[Asia Economy Reporter Hyunseok Yoo] IM Iyeoni announced on the 19th that the largest shareholder Yeoni Holdings increased its ownership ratio of stocks and other holdings to 59.36%, up 12.4% from the previous period, due to the acquisition of exchangeable bonds.

Yeoni Holdings signed a transfer contract to acquire part of IM Iyeoni's 1st series exchangeable bonds with Shinhan Financial Investment and others on the 9th and 15th. The acquisition scale of the exchangeable bonds was 14.2 billion KRW, which is about 87% of the remaining balance of 16.3 billion KRW in exchangeable bonds.

A representative of Yeoni Holdings stated, “By deciding to acquire most of the remaining exchangeable bonds, concerns about share dilution are expected to decrease,” and added, “As the largest shareholder, we will take greater responsibility and strive to support new businesses and contribute to the company's development.”

IM Iyeoni is an EMS (Electronics Manufacturing Services) specialist company for display PBA, and with Yeoni Holdings becoming the largest shareholder, it is promoting new businesses. In December last year, IM Iyeoni acquired shares of IM I Partners and took over IM I Group, a Hong Kong-based performance planning specialist company.

IM I Group operates performance planning businesses across Asia, including China, Taiwan, and Thailand. It holds references for organizing concerts in the Asian region for major Hallyu stars such as Big Bang, BTS, and IU. The company expects the Chinese performance planning business to become active again due to rising expectations for the lifting of the Hanhanryeong (Korean Wave ban on China).

This content was produced with the assistance of AI translation services.