DAIYANG METAL CO.,LTD Status of Series 22 convertible bonds after maturity, KRW 7.0 billion pledged bonds in court dispute
DCommentary
AI commentary · Not investment advice
What happened
Daeyang Metal said it had bought back, before maturity, all of the remaining KRW 8.0 billion of its 22nd-series convertible bonds (bonds that can later be turned into shares). The company plans to cancel KRW 1.0 billion of them as soon as possible.
In the company's terms
The other KRW 7.0 billion of the bonds had been pledged as collateral to DYM Partners Co., Ltd., the former largest shareholder. The loan secured by them is now KRW 0.5 billion. The company has filed a main lawsuit and an objection in court over a suit about the non-existence of the debt.
What changes for shareholders
The bonds' maturity date was November 10, 2026. The materials do not give the outcome of the lawsuit.
Earlier filings of the same type
| Filed | Title | Key figure · Note |
|---|---|---|
| 26.11.052026.11.05 | KRW 8.0 billion · Entire amount acquired before maturity |
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