Saltlux Issues 20 Billion KRW CB and BW to Secure Future Growth Engines
[Asia Economy Reporter Yoo Hyun-seok] Artificial intelligence (AI) specialized company Saltlux announced on the 26th that it will issue convertible bonds (CB) and bonds with warrants (BW) worth a total of 20 billion KRW to institutional investors.
Saltlux is securing future growth value by investing in startups in various fields such as metaverse, bio, law, and K-pop. It is also seeking strategic business expansion through large-scale mergers and acquisitions (M&A). At the same time, it is accelerating the development of new AI global services.
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A company official stated, "In addition to the substantial cash assets already secured, Saltlux will strengthen its business portfolio and secure future growth engines such as global business by issuing CB and BW this time," adding, "This will accelerate practical business growth."
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