MOTREX CO., LTD Material Event Report
MAI summary · Not investment advice
Motrex decided to issue exchangeable bonds with a face value of KRW 59.0 billion, exchangeable into Jinjin Construction Robot shares, to raise operating funds.
Total face value
KRW 59.0 billion
Key facts
- Bond type
- Series 11 registered-free, unsecured private exchangeable bond
- Working capital
- KRW 59.0 billion
- Coupon rate
- 0.00%
- Yield to maturity
- 0.00%
- Maturity date
- Dec 2, 2029
- First put date
- Dec 2, 2028Exercisable every 3 months thereafter
- Subscriber
- KRW 59.0 billionKorea Investment Infra Value-up New Technology Investment Fund
- Payment date
- Dec 2, 2026
- Board resolution date
- Oct 30, 2026
Commentary
AI commentary · Not investment advice
What happened
Motrex's board resolved on October 30, 2026 to issue its 11th unregistered, unsecured, privately placed exchangeable bond. The face amount is KRW 59.0 billion, and the proceeds are earmarked entirely for operating funds. Payment is due on December 2, 2026, and the bond matures on December 2, 2029. Both the coupon rate and the maturity interest rate are 0.00%.
In the company's terms
The bond can be exchanged into registered common shares of Jeonjin Construction Robot Co., Ltd. The exchange price is KRW 50,000, and the number of shares subject to exchange is 1,305,511. The issue size is 42.6% of Motrex's market capitalization. The call option can be exercised if the closing price exceeds 135% of the exchange price for 10 consecutive trading days.
What changes for shareholders
The exchange request period runs from December 3, 2026 to November 2, 2029. The put option can first be exercised on December 2, 2028. The filing also states that the bond is exchangeable into Jeonjin Construction Robot shares rather than new Motrex shares.
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