Daiyang Metal Lowers CB Conversion Price and Adjusts Schedule
- Daiyang Metal announced changes to its 10 billion won convertible bond issuance. Payment date delayed by 1 month (Feb 4 to Mar 4, 2026), maturity also delayed (Feb 4 to Mar 4, 2029).
- Conversion price lowered from 1,304 won to 1,290 won (1.1% decrease). Minimum adjusted price lowered from 913 won to 903 won. Shares upon conversion increase from 7,668,711 to 7,751,937 (dilution from 12.06% to 12.17% of outstanding shares).
- Put and call option exercise schedules adjusted accordingly.
- Coupon rate remained at 5% p.a., yield to maturity at 5% p.a. Funds to be used for acquisition of securities of other companies (details to be disclosed later).
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KOSPI Filing Information
- Filing: [Correction of Description] Report on Major Matters (Decision on Issuance of Convertible Bonds)
- Company: DAIYANG METAL (009190)
- Submission: DAIYANG METAL CO., LTD
- Receipt: 02-04-2026
- Amended (Refer to related filing)