Jangwon Tech Decides to Issue 5 Billion KRW Private Convertible Bonds
[Asia Economy Reporter Minji Lee] Jangwon Tech announced on the 29th that it has decided to issue the 7th series of anonymous, non-guaranteed private convertible bonds worth 5 billion KRW.
The nominal interest rate and maturity interest rate are both 1%, and the conversion price is 1,576 KRW. The shares to be issued upon conversion amount to 3,172,588 shares, representing 7.07% of the total number of shares. The bond maturity date is June 29, 2023.
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The company explained, "The raised funds will be used as payment for the paid-in capital increase of IEXT Co., Ltd."
This content was produced with the assistance of AI translation services.
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