10B won CB Issued with 130% Collateral, Immediate Sale to SangSangin Affiliates
- Issuance of 10 billion won CB with 130% collateral (senior mortgage on headquarters, max 13 billion won)
- Put option: quarterly compound 6% p.a., exercisable after 1 year from issuance
- Call option (company): quarterly compound 8% p.a. (YTC), exercisable for 50% of bonds from 1 year to 1 year 4 months, subject to largest shareholder ownership limit
- Immediate sale to SangSangin Savings Bank, SangSangin Plus Savings Bank, and SangSangin Securities after issuance
- Proceeds: 7 billion won for securities acquisition (counterparty undetermined), remainder for operating funds
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KOSDAQ Filing Information
- Filing: [Correction of Description] Report on Major Matters (Decision on Issuance of Convertible Bonds)
- Company: THE E&M (089230)
- Submission: THE E&M
- Receipt: 04-29-2026