NGeneBio Co., Ltd. SynergyIB Investment stake falls from 5.26% to 0% after convertible bond repayment
NAI summary · Not investment advice
SynergyIB Investment Co.Ltd's stake in NGeneBio Co., Ltd. changed from 5.26% to 0% after repayment of the 4th convertible bonds. The stated purpose was simple investment.
Stake
0%
Previous 5.26% · -5.26%p
Key facts
- Reporting holder
- SynergyIB Investment Co.Ltd and 2 related partiesRelated parties are new technology investment partnerships it manages
- Previous stake
- 5.26%
- Purpose of holding
- Simple investment
- Reason for change
- Conversion price adjustment and repayment of the 4th convertible bonds
- Relationship with issuer
- Other
- Report type
- Change
- Reason for report
- Stake change from repayment of the 4th convertible bonds
- Previous shares held
- 1,100,412 shares
- Shares held
- 0 sharesChange -1,100,412 shares · all convertible bonds
- Method of change
- Conversion price adjustment and off-market disposal
- Reporting obligation date
- Sep 18, 2026
Commentary
AI commentary · Not investment advice
What happened
Two investment partnerships managed by SynergyIB Investment disposed of all their NGeneBio convertible bonds, bringing the stake to 0%. Anyone holding over 5% of a company must report changes in their holding (a large shareholding report). The partnerships held convertible bonds (bonds that can later be turned into shares). On September 18 they transferred the remaining bonds to NGeneBio and were repaid. The price per underlying share was KRW 6,719. The stated purpose was simple investment.
In the company's terms
Before that, the conversion price was adjusted twice. It went from KRW 2,181 to KRW 2,141 in June 2025, and from KRW 2,141 to KRW 6,423 in June 2026. Over the same period NGeneBio's voting shares in issue changed from 20,352,350 to 16,086,583.
Earlier Report on Large Shareholdings filings from this company
| Filed | Reporting holder | Stake | Change |
|---|---|---|---|
| 26.11.102026.11.10 | Sangsangin Savings Bank | 16.96% | −7.75%p |
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