MFM Korea Decides to Acquire 5 Billion KRW Convertible Bonds Before Maturity

[Asia Economy Reporter Lee Jung-yoon] MFM Korea announced on the 22nd that it has decided to acquire anonymously issued, unsecured private convertible bonds (CB) with detachable warrants worth 5 billion KRW before maturity.

The conversion price per share is 1,414 KRW, and the reason for acquisition before maturity is the bondholders' exercise of early redemption rights. The bonds are planned to be canceled after acquisition.