Brand X Corporation Invests 10 Billion KRW in Hive with Equity Stake

[Asia Economy Reporter Minwoo Lee] Brand X Corporation announced on the 9th that it will invest 10 billion KRW in Lakewood No. 2 Association for the purpose of acquiring convertible bonds (CB) from HYBE. After acquisition, the equity ratio of the fund will be 97.1%.

The conversion price is 385,500 KRW, and the conversion claim period is from November 5, next year, to October 5, 2026.