This is an amended filing · View original →
SEOJIN SYSTEM CO.,LTD KRW 60 billion Series 45 convertible bond issuance, fund purpose corrected to other funds
SAI summary · Not investment advice
The filing corrects the fund purpose of the KRW 60 billion Series 45 private convertible bond issuance to other funds.
Total face value
KRW 60.0 billion
Key facts
- % of total shares
- 3.01%
- Conversion price per share
- KRW 30,391
- Convertible shares
- 1,974,268 shares
- Conversion period
- Nov 16, 2027 – Oct 16, 2056
- Coupon rate
- 2.0%
- Bond type
- Series 45 registered coupon-bearing unguaranteed private convertible bond
- Yield to maturity
- 5.0%
- Maturity date
- Nov 16, 2056
- Call option limit
- Up to KRW 12,000,000,000 (Call option 20%)
- Payment date
- Nov 16, 2026
- Board resolution date
- Nov 6, 2026
Commentary
AI commentary · Not investment advice
What happened
Seojin System plans to issue KRW 60.0 billion of convertible bonds (bonds that can later be turned into shares) to 2 investors only. This filing corrects the stated use of funds to "other funds." The bonds are the 45th series, unsecured, privately placed bearer bonds. Vilanse-Orion SJ Mezzanine New Technology Investment Partnership takes KRW 30.0 billion, and Kiwoom Securities Co., Ltd. takes KRW 30.0 billion. The coupon rate is 2.0% and the rate at maturity is 5.0%. The bonds mature on 2056.11.16.
In the company's terms
The conversion price (the price per share when bonds are swapped for stock) is KRW 30,391. If all the bonds are converted, 1,974,268 shares would be issued. That equals 3.01% of the total number of shares. The company has a call option (a right to buy back bonds) of up to KRW 12.0 billion, described as Call option 20%.
What changes for shareholders
Bondholders can request conversion from 2027.11.16 to 2056.10.16. The payment date is scheduled for 2026.11.16. If conversion is requested, new shares are issued and the total share count can increase.
Earlier Material Event Report filings from this company
- KRW 60.0 billion
- KRW 60.0 billion
- KRW 60.0 billion
■ This disclosure
| Filed | Title | Key figure · Note |
|---|---|---|
| 26.11.092026.11.09 | Material Event Report | KRW 60.0 billion |
| 26.11.092026.11.09 | Material Event Report | KRW 60.0 billion |
Comments
No comments yet
Comments from shareholders will appear here.
Get the next disclosure as an app alert
Get app alerts for new disclosures and stake changes on your watchlist