SangA Frontec Decides to Issue Convertible Bonds Worth 30 Billion KRW

[Asia Economy Reporter Minji Lee] Sang-A Frontec announced on the 24th that it will issue the 3rd and 4th series of anonymous, interest-bearing, unsecured, and unguaranteed private convertible bonds worth 10 billion KRW and 20 billion KRW, respectively. The purpose of the fund raising is to secure facility funds and operating funds, and the issuance target is SK Securities.

The company stated, "We will proceed with the mass production plant and line expansion of core materials for hydrogen fuel cells," and explained, "We plan to newly establish a medium-to-large secondary battery production line at the Hungarian subsidiary."