Subsidiary NW Holdings Converts Loan to Equity for Wallapop Acquisition (Amended: Shares/Amount/Schedule Adjusted)
- Subsidiary NW Holdings plans to convert loans into equity to secure funds for Wallapop acquisition (amended disclosure)
- Amended (Feb 2) vs. original (Dec 16): new shares 562,707,374 → 563,546,415; proceeds KRW 972.7bn → 974.2bn
- Par/issue price KRW 1,729 per share; record date, payment date, dividend commencement date: Feb 2, 2026
- Parent company will lend KRW 973bn (€563mn) to subsidiary, then convert including interest
- Actual amount may vary due to exchange rate fluctuations
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KOSPI Filing Information
- Filing: [Correction of Description] Decision on Paid-in Capital Increase (Major Management Matters of Subsidiary)
- Company: NAVER (035420)
- Submission: NAVER Corporation
- Receipt: 02-02-2026
- Under KRX KOSPI Market Division