Canaria Bio Acquires 11 Billion KRW Convertible Bonds Before Maturity

[Asia Economy Reporter Lee Jung-yoon] Canaria Bio announced on the 22nd that it has decided to acquire anonymously issued, non-guaranteed private convertible bonds (CB) with detachable warrants worth 1,102,834,000 KRW before maturity.

The conversion price per share is 28,144 KRW, and the reason for acquisition before maturity is the bondholder's exercise of the early redemption right. Decisions regarding resale or cancellation will be made at a future board meeting.