This is an amended filing
HanWool & Jeju, Inc. Conversion price of KRW 10.0 billion convertible bond set at KRW 1,362, down from KRW 1,445
HAI summary · Not investment advice
The conversion price of the KRW 10.0 billion convertible bond HanWool & Jeju, Inc. approved in May was set at KRW 1,362, down from KRW 1,445; full conversion would add 23.72% of total shares.
Total face value
KRW 10.0 billion
23.72% of total shares · 71.61% including outstanding bonds
Key facts
- Bond type
- Series 14 unsecured private convertible bonds
- Working capital
- KRW 10.0 billionWorking capital
- Coupon rate
- 3.0%
- Yield to maturity
- 3.0%
- Maturity date
- Oct 30, 2029
- Conversion price per share
- KRW 1,362Changed from KRW 1,445 · price finalized
- Convertible shares
- 7,342,143 sharesChanged from 6,920,415 shares
- % of total shares
- 23.72%Changed from 22.67%
- Conversion period
- Oct 30, 2027 – Sep 30, 2029
- First put date
- Oct 30, 2027
- Subscriber
- An investment partnershipKRW 10.0 billion
- Payment date
- Oct 30, 2026
- Board resolution date
- May 6, 2026
Commentary
AI commentary · Not investment advice
What happened
HanWool & Jeju finalized the conversion price of the KRW 10.0 billion convertible bond it approved in May. A convertible bond is a bond that can later be turned into shares. The price fell from KRW 1,445 to KRW 1,362. An investment partnership will take the bonds, and the money will go to working capital.
In the company's terms
With the lower price, up to 7,342,143 new shares could be issued, or 23.72% of total shares. The company also has other bonds that have not yet been converted. Including them, 16,906,663 shares could be issued, or 71.61% of shares already issued. The coupon and yield to maturity are both 3.0%.
What changes for shareholders
Conversion is possible from October 30, 2027 to September 30, 2029. If the share price falls, the conversion price can be lowered, but not below KRW 954. Holders can ask for early repayment from October 30, 2027 (a put option). The bond matures on October 30, 2029.
Earlier Material Event Report filings from this company
| Filed | Title | Key figure · Note |
|---|---|---|
| 26.10.292026.10.29 | [Amended] Material Event Report | Dec 2, 2026 · Before correction: October 30, 2026 |
| 23.06.072023.06.07 | [Amended] Material Event Report | KRW 16.5 billion |
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