Pine Technics Acquires 11 Billion KRW Convertible Bonds of Pine Emtech

[Asia Economy Reporter Kim Young-won] Fine Technics announced on the 14th that it will acquire convertible bonds (CB) of its affiliate Fine M-Tech.

The acquisition amount is approximately 11 billion KRW, which corresponds to 16.9% of the company's equity capital. The company explained that the purpose is to strengthen the management control structure through the acquisition of convertible bonds.