KMH Issues CB and BW Worth 50 Billion KRW

[Asia Economy Reporter Park Jihwan] KMH, a KOSDAQ-listed company and the leading domestic broadcasting transmission operator, will issue convertible bonds (CB) and bonds with warrants (BW) totaling 50 billion KRW to secure operating funds and expand new businesses.

According to the Financial Supervisory Service's electronic disclosure on the 2nd, KMH decided to issue 20 billion KRW worth of unsecured private placement CB and 30 billion KRW worth of unsecured private placement BW. The company stated, "The raised funds will be used to achieve management objectives such as operating funds and new business expansion."

The 20 billion KRW CB subscription will be split equally between the largest shareholder, Chairman Choi Sang-joo of KMH, and SP Global, classified as other related parties, each taking 10 billion KRW. SP Global will subscribe to the entire 30 billion KRW BW issuance. The nominal interest rate of each bond is 0%, and the maturity interest rate is 1%. The maturity date is November 1, 2023.

The CB conversion price and BW exercise price are both 8,760 KRW. The conversion request period and the exercise period are from November 1, 2021, to October 1, 2023.

Since its establishment in October 2000, KMH has continued to grow steadily and currently maintains its position as the number one domestic transmission operator. Its major subsidiaries include KMH Shilla Leisure, Paju Country Club, and KMH Hightech. KMH recorded consolidated sales of 147.8 billion KRW in the first half of the year, showing a 31.7% growth compared to the same period last year. Operating profit during the same period increased by 96.2% to 32.4 billion KRW.

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