Lightron Decides to Issue Convertible Bonds Worth 8 Billion KRW

Liteon announced on the 26th that it has decided to issue the 9th series of 8 billion KRW unnamed, interest-bearing, unsecured private convertible bonds (CB) to raise operating funds.

The shares to be issued upon conversion amount to 2,203,856 shares, representing 8.46% of the total number of shares.

The coupon rate is 2%, the maturity interest rate is 8%, and the bond maturity date is April 28, 2026. The conversion price is 3,630 KRW, and the conversion request period is from April 28, 2024, to March 28, 2026.

Additionally, Liteon announced that it has decided to dispose of treasury shares worth 3.5235 billion KRW for the purpose of raising operating funds. The shares to be disposed of are 1,101,095 common shares, to be sold at 3,200 KRW per share.

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