Cosmo Chemical Reports 13.2 Billion KRW Loss from Derivative Transactions
[Asia Economy Reporter Park Jihwan] Cosmo Chemical announced on the 24th that it incurred a derivative transaction loss amounting to 13.2 billion KRW. This corresponds to 5.32% of its equity capital.
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The company stated, "A derivative valuation loss was recognized due to the difference between the conversion price of convertible bonds and the stock price caused by the stock price increase," adding, "The recorded amount corresponds to a loss without cash outflow."
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