Namyoung Vivian Decides to Increase Short-Term Borrowings by 42.5 Billion KRW for Acquisition Funds of Other Corporations

[Asia Economy Reporter Wondara] Namyoung Vivian announced on the 3rd that it has decided to increase short-term borrowings by 42.5 billion KRW. The purpose of the borrowing is to fund the acquisition of another corporation, and the borrowing amount of 42.5 billion KRW is approximately 41.94% of its equity capital. After the borrowing, the total short-term borrowings amount to 54.5 billion KRW. Namyoung Vivian also announced on the same day that it will issue convertible bonds worth 10 billion KRW.