KwangjinInd Material Event Report
KAI summary · Not investment advice
A KRW 10 billion private convertible bond will be issued to fund acquisition of other companies' securities, with a conversion price of KRW 3,580.
Total face value
KRW 10.0 billion
Key facts
- Bond type
- Series 5 bearer-type, interest-coupon, unsecured private placement convertible bond
- Acquisition of other securities
- KRW 10.0 billionCounterparty and details undetermined
- Coupon rate
- 3%
- Yield to maturity
- 0%
- Maturity date
- Nov 16, 2029
- Conversion price per share
- KRW 3,580
- Convertible shares
- 2,793,296 shares
- % of total shares
- 35.23%
- Conversion period
- Nov 16, 2027 – Oct 15, 2029
- Call option limit
- 50% of the bonds held by the underwriter
- First put date
- Nov 16, 2027First early redemption date
- Payment date
- Nov 16, 2026
- Board resolution date
- Nov 2, 2026
Commentary
AI commentary · Not investment advice
What happened
Gwangjin Industrial is issuing its fifth registered, coupon-bearing, unguaranteed private convertible bond with a face value of KRW 10.0 billion to fund the acquisition of securities in other companies. The allocation is KRW 7.0 billion to Daehyun OPT Co., Ltd. and KRW 3.0 billion to Dabo C&M Co., Ltd. The coupon rate is 3%, the yield at maturity is 0%, and the bond matures on 2029.11.16. The conversion price is KRW 3,580, and the conversion request period runs from 2027.11.16 to 2029.10.15.
In the company's terms
The bond can convert into 2,793,296 shares, which is 35.23% of total shares outstanding. The call option can be exercised on up to 50% of the bond held by the underwriter, and the first put option date is 2027.11.16.
What changes for shareholders
The payment date is scheduled for 2026.11.16. If the bond is fully converted, the share count would rise and existing shareholders' ownership percentage could fall. Conversion can occur during the request period, which begins on 2027.11.16.
Earlier Material Event Report filings from this company
| Filed | Title | Key figure · Note |
|---|---|---|
| 26.10.302026.10.30 | [Amended] Material Event Report | 685,225 shares · Shares outstanding before the issue: 7,928,326; previously 856,530 |
| 26.10.292026.10.29 | [Amended] Material Event Report | — |
| 26.10.292026.10.29 | [Amended] Material Event Report | KRW 5.0 billion |
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