Hyundai Engineering & Construction 5,000hundred-million-won convertible bond issuance disclosure; Hands announces a 171hundred-million-won capital increase
Hyundai Engineering & Construction disclosed the issuance of a private convertible bond worth 6 month, 9 day, 5,000 hundred million won. The conversion price was listed as 150,607 won, and IBK Investment & Securities said concerns about damage to shareholder value were limited. On the same day, Hands Corporation disclosed a 171 hundred million 2,348 ten thousand 6,436 won rights offering for 3 existing shareholders.
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Hyundai Engineering & Construction disclosed the issuance of a private convertible bond worth 6 month, 9 day, 5,000 hundred million won. The company said the funds would be used to proactively respond to the energy market. The issuance is being conducted privately.
The disclosure document identifies the issuance as a series convertible bond. The conversion price was listed as 312 won. Details of the conversion terms are reflected in the disclosure.150,607The disclosure document includes details of the conversion terms.
IBK Investment & Securities assessed that concerns about damage to shareholder value related to the issuance were limited. IBK Investment & Securities presented its view based on the issuance method and terms. The assessment was based on the company’s disclosure and the securities firm’s opinion.
Hands Corporation announced on the same day 171hundred million 2,348ten thousand 6,436won-scale third-3party-allotment paid-in capital increase. The disclosure includes details of the issuance, such as the number of new shares to be issued and the recipients of the allotment. The company provided detailed terms related to the paid-in capital increase in the disclosure.
The two fundraising disclosures were separately filed that day by companies listed on the securities market. Key items, including the issuance method and amount, can be confirmed through each company's electronic disclosure. Detailed schedules and terms for investors will be specified through subsequent disclosures.
Items requiring additional confirmation include the start date for exercising conversion rights on the convertible bonds and the point at which the new-share allotment is completed. Those schedules and whether the funds were actually executed must be confirmed through additional company disclosures. All figures have been quoted exactly as stated in each company's disclosure.