HMM Reports 865 Billion KRW Loss from Derivative Transactions
[Asia Economy Reporter Minji Lee] HMM announced on the 14th that it incurred derivative valuation losses related to the recognition of derivative liabilities, including the 190th unsecured subordinated private convertible bonds. The loss amount reached approximately 864.97352 billion KRW, accounting for 51.2% of the company's equity.
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The company stated, "Due to the discrepancy between the conversion price of the convertible bonds and the market price caused by the rise in common stock market price, we evaluated the fair value of the derivative financial instruments and recognized valuation losses," adding, "No cash outflow occurred."
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