Engineered Cell Life Sciences Decides to Issue 50 Billion KRW Convertible Bonds
[Asia Economy Reporter Koo Eun-mo] Engchem Life Sciences announced on the 4th that it has decided to issue the 2nd series of 50 billion KRW non-guaranteed private convertible bonds with detachable warrants to raise facility funds. Both the nominal interest rate and the maturity interest rate are 0% per annum. The maturity date is November 6, 2025. If all conversion rights are exercised from November 6, 2021, to October 6, 2025, the total number of new shares issued will be 499,021 shares, accounting for 5.68% of the current total number of shares. The conversion price is 100,196 KRW.
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