Cheongho Comnet Decides on Third-Party Allotment Paid-in Capital Increase and CB Issuance

[Asia Economy Reporter Minji Lee] Cheongho Comnet announced on the 11th that it has decided to raise 20 billion KRW through a third-party allotment paid-in capital increase to secure operating funds and funds for acquiring securities of other corporations. The allottee is Woorim Development. The issue price per new share is 5,000 KRW, and the scheduled listing date is November 2.

On the same day, Cheongho Comnet also announced that it will issue the 17th series of unnamed, unsecured private convertible bonds worth 20 billion KRW. The purpose of the fund raising is to secure operating funds and funds for acquiring securities of other corporations. The coupon rate and maturity interest rate are both 3%. The bond maturity date is September 24, 2023. The allottee is HBTREE.