Decision to Issue Convertible Bonds - Including Put and Call Options
- DaeSung HiTech decided to issue convertible bonds (CB), but conversion price and issuance size are not disclosed.
- Issuer holds a call option to repurchase up to 40% of principal within 12-24 months from issuance at a yield of 6.0% (compounded quarterly).
- Bondholders hold a put option to demand early redemption every 3 months starting 24 months from issuance at a yield of 3.0% (compounded quarterly).
- CB buyers must hold 40% of acquired bonds unconverted until the call option period ends (24 months after issuance).
- The bond is issued to 'Pulp Project No.2 Venture Private Equity Fund', recently established with no financial statements.
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KOSDAQ Filing Information
- Filing: Report On Major Events (Decision On Issuance Of Convertible Bonds)
- Company: Daesung Hi-Tech (129920)
- Submission: Daesung Hi-Tech Co., Ltd.
- Receipt: 05-11-2026