DA Technology Signs Stock Collateral Agreement with SMO
[Asia Economy Reporter Seongpil Cho] DA Technology announced on the 1st that Esmo has signed a stock collateral provision contract involving a change in the largest shareholder.
Esmo's shareholding ratio in DA Technology is 9.21%. A debt amount totaling 15.2 billion KRW has been set, and all held shares will be provided as collateral.
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The company stated, "If the third and fourth convertible bonds of Esmo held by the creditor are converted into stocks and the secured debt amount decreases, a partial cancellation of the collateral corresponding to the reduced portion will be possible."
This content was produced with the assistance of AI translation services.
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