SL Bionics Acquires 4.5 Billion KRW Stake in Studio Santa Claus

[Asia Economy Reporter Jang Hyowon] SL Bionics announced on the 4th that it has additionally acquired 408,682 shares through the exercise of the 7th convertible bond subscription rights worth 4.5 billion KRW of its subsidiary Studio Santa Claus.

After the exercise of the subscription rights, SL Bionics' shareholding increased from 1,627,435 shares (20.41%) to 2,036,117 shares (23.25%). The newly acquired shares are scheduled to be listed on the 21st.

Studio Santa Claus is a comprehensive entertainment company known as the producer of the Netflix series "My Name," which ranked 2nd worldwide on Netflix. It is also distinguished in content production and distribution, handling domestic distribution of the global action blockbuster "355," set to be released on the 9th. Additionally, the company has announced plans to pursue new businesses related to NFT and the metaverse.

An SL Bionics official stated, "With the completion of this convertible bond subscription exercise, we expect to establish a sound financial structure and enable continuous profit generation," adding, "Supported by positive market prospects and anticipated business activation, we will do our best to enhance corporate and shareholder value going forward."

This content was produced with the assistance of AI translation services.