Disclosure
KAI summary · Not investment advice
KR Motors (now Dynamac) decided to acquire all KRW 15 billion of its Series 52 convertible bonds early via OTC purchase, to be cancelled afterward.
Commentary
AI commentary · Not investment advice
What happened
KR Motors (Dynamac Co., Ltd.) decided on 2026.10.29 to acquire its 52nd convertible bonds, with a face value of KRW 15.0 billion, ahead of maturity. The acquisition amount is KRW 15.0 billion, with payment scheduled for the same day. The purchase is an over-the-counter deal agreed with the bondholder, Rafinus Concordia No. 1 Private Equity Limited Partnership. It is funded by proceeds from a real estate sale, and the bonds are to be cancelled after acquisition.
In the company's terms
Relative to the company, the acquisition amount equals 67.3% of market capitalization. The bonds were due to mature on 2030.05.20, and the remaining face value after the acquisition is KRW 0. Over the past year there have been 3 disclosures of the same type, and earlier filings are dated 2026.10.23, 2026.10.23 and 2026.10.19.
What changes for shareholders
For shareholders, the filing states a conversion price of 2,500 won as of the report date and 6,000,000 shares issuable upon conversion. After the acquisition, the remaining face value of the bonds is reported as KRW 0.
Earlier filings of the same type
- KRW 15.0 billion
- KRW 2.5 billion
- KRW 1.0 billion
■ This disclosure
| Filed | Title | Key figure · Note |
|---|---|---|
| 26.10.292026.10.29 | KRW 1.0 billion · Basis of calculation is principal | |
| 26.10.292026.10.29 | KRW 2.5 billion · Basis of calculation is principal |
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