Hulum Decides to Issue Convertible Bonds Worth 10 Billion KRW

[Asia Economy Reporter Junho Hwang] Hurum announced on the 9th that it has decided to issue 11 billion KRW worth of anonymous, unsecured private convertible bonds. The company stated that the raised funds will be used for facility investments and acquisition of securities of other corporations. The conversion ratio is 100%, and the conversion price is 1,887 KRW per share. The number of shares to be issued upon conversion is 5,829,358, which corresponds to 13.19% of the total number of shares.