Early Acquisition and Cancellation of 5th Series Convertible Bonds with 109% Interest Rate
- The issuer exercised its call option to acquire the 5th series unregistered unsecured private convertible bonds (face value 1.5 billion KRW, conversion price 4,262 KRW) via over-the-counter purchase on April 27, 2026.
- The acquisition cost totals 1.636 billion KRW including principal and interest, funded by internal funds.
- The acquired bonds will be cancelled via KSD registration, reducing potential dilution from conversion.
- Early redemption of this high-interest bond (109.0850%) reduces future interest burden.
- The conversion price was adjusted to 4,262 KRW on April 26, 2026 due to market price increase.
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KOSDAQ Filing Information
- Filing: Acquisition of Bonds Before Maturity After Issuance of Convertible Bonds (Including Overseas Convertible Bonds) (5th Series)
- Company: Daesung Hi-Tech (129920)
- Submission: Daesung Hi-Tech Co., Ltd.
- Receipt: 04-27-2026
- Under KRX KOSDAQ Market Division