[Featured Stock] GV Declines About 7% Following Creditor Bankruptcy Filing News
[Asia Economy Reporter Park Jihwan] KOSDAQ-listed company GV is showing a decline of around 7% following a bankruptcy petition filed by a bondholder holding convertible bonds (CB) worth 1 billion KRW.
According to the Korea Exchange as of 9:47 AM on the 28th, GV is trading at 448 KRW, down 7.82% (38 KRW) from the previous trading day.
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On this day, GV announced that a bankruptcy petition had been filed by a bondholder. The company stated, "The petitioner owns some of the 7th series convertible bonds (worth 1 billion KRW) issued on March 7, 2019, and requested bond repayment accordingly. However, although the company promised to pay by December 20, 2020, it did not make the payment, leading the petitioner to file for bankruptcy."
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