Issuance of 5 billion won CB at conversion price 3,424 won (216% premium) for M&A

Issuance of 5 billion won CB, conversion price at 3,424 won (216% premium to current price of 1,584 won)
Potential shares: 1,460,280 (7.5% dilution based on outstanding shares of 19,411,130)
Funds to be used for acquisition of equity in Mirae Information Technology (5 billion won)
3-year maturity, 0% coupon, 2% yield at maturity, put option exercisable after 1 year
Issuer call option on 30% of issuance amount
Conversion price subject to reset to minimum 2,397 won (70% of original) after 7 months
Target Mirae Information Technology: 2025 revenue 34.1 billion won, net profit 1.7 billion won, qualified audit opinion

ADVERTISEMENT (250px+)