Incredible Buzz Withdraws CB Issuance... Prioritizing Shareholder Value and Strengthening New Business Fundamentals

Incredible Buzz, a company specializing in beauty and slow aging, announced on the 13th that it will prioritize securing competitiveness in new businesses and enhancing corporate value.

Incredible Buzz announced on the 7th through a public disclosure that it is withdrawing the issuance of convertible bonds (CB) worth a total of 40 billion KRW. This decision prioritizes strengthening internal capabilities to secure competitiveness rather than aggressive expansion of new businesses through large-scale fundraising. It also aims to alleviate concerns about stock dilution caused by the large-scale issuance of CBs.

The company plans to focus more on the beauty and slow aging business, including the actively promoted new business of bio stimulators. Following preparations for domestic and international market approval of suneKOS, which utilizes six amino acids and the patented ingredient hyaluronic acid (HY6AA), the company plans to launch a periodontal disease treatment using regenerative and recoverable patented ingredients in the second half of the year.

Meanwhile, Nutrakos, an inner beauty product launched first in strategic cooperation with the Italian company Professional Dietetics, recorded a 58% sales growth in January compared to the same month last year. Based on high brand awareness, the success potential of the popularization strategy is increasing.

A company official stated, “We will enhance corporate value through the promotion of the bio stimulator business and secure a unique position in the market based on excellent product competitiveness,” adding, “We will prioritize shareholder value and strive to promote business and enhance corporate value.”

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