INSCOBEE Strives to Stabilize Stock Price Through Large-Scale CB Purchase and Conversion to General Loan

INSCOBEE, a KOSPI-listed company led by CEO Yoo Insu, has purchased a large amount of convertible bonds (CB) and converted them into a standard loan. On September 29, the company completed the acquisition of 11 billion won worth of CBs held by SangSangIn Savings Bank and its affiliates, converting them into a general loan.

INSCOBEE aims to proactively manage potential circulating volume, or 'overhang' risk, in order to stabilize its stock price and improve investor sentiment. This measure is intended to block the possibility that, if the stock price rises, investors could convert CBs into shares and sell large volumes on the market. It is also known that most of the remaining 10 billion won in CBs are held by friendly shareholders of INSCOBEE.

A representative from INSCOBEE stated, "With the likelihood of large-scale conversion rights being exercised now significantly reduced, the potential liquidity that could be released into the market at low prices has greatly diminished," adding, "This will provide a foundation for investors to take a much more long-term perspective when investing in INSCOBEE."

INSCOBEE's recent CB purchase and conversion to a general loan carries significance beyond a simple financial restructuring. The company's focus on restructuring its financial structure, rather than merely boosting its stock price in the short term, demonstrates its commitment to enhancing intrinsic corporate value, which can be interpreted as a positive signal to the market.

Through this measure, INSCOBEE plans to respond proactively to changes in its financial environment, strengthen the competitiveness of its core businesses, and focus even more on investments to secure future growth engines.

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