Daehan Green Energy Completes Payment to Daehan Green Power... "Will Accelerate Wind Power Projects"

Daehan Green Energy (CEO Park Geun-sik) announced on the 18th that it has completed the payment for the 31st series of convertible bonds worth 10 billion KRW issued by Daehan Green Power (060900 KOSDAQ).

Daehan Green Energy has been accelerating its efforts in acquiring management rights and normalizing operations of Daehan Green Power. Starting with participating in a 3 billion KRW paid-in capital increase of KRPN, the predecessor of Daehan Green Power, on May 28, it continued its actions by acquiring all shares of Kormon Partners, the largest shareholder of KRPN, on June 25, and conducting a small-scale merger with Daehan Power Technology, a core subsidiary of Daehan Green Energy.

Through the recent payment for the convertible bonds of Daehan Green Power, it is expected to put an end to the controversies surrounding the acquisition, management normalization, and responsible management of Daehan Green Power that had been raised by some parties.

A representative of Daehan Green Energy stated, “With this, Daehan Green Power will not only stabilize its management through capital expansion but also accelerate its new business in wind power generation.”