J. Stefan Adjusts Conversion Price Amid Stock Decline... 1,682 Won → 1,500 Won

[Asia Economy Reporter Yoo Byung-don] J. Stefan announced on the 20th that it will adjust the conversion price of the 8th unnamed, unsecured private convertible bonds (CB) from 1,682 KRW to 1,500 KRW.

The number of convertible shares, which was 5,945,303 shares before the adjustment, will increase to 6,666,666 shares after the adjustment.

The company explained that this was "due to a decline in market price."