Enchem, 300% ROI Jackpot for CB Investors

11th and 12th CB Stock Conversion... Expecting Over 300% Profit Rate
Stock Price Rose Over 270% Compared to End of Last Year
11th to 13th CB Still Remaining... "Higher Possibility of Additional Stock Conversion"

Investors who invested in Enchem's 11th and 12th convertible bonds (CB) are expected to record returns exceeding 300%. Unlike other secondary battery-related stocks that have shown sluggish stock prices, Enchem's stock price has risen by more than 270% this year.

According to the financial investment industry on the 5th, Enchem recently announced that the conversion rights for the 11th and 12th CBs will be exercised. The scheduled listing date is the 19th of this month. The conversion prices for the 11th and 12th CBs are 72,630 KRW and 68,048 KRW, respectively. The number of shares to be issued is 2,754 and 969,903 shares, respectively. In terms of amount, this corresponds to 200 million KRW and 66 billion KRW, totaling 66.2 billion KRW.

On the 4th, Enchem's closing price was 301,000 KRW. Applying this, the 11th CB amounts to 800 million KRW, and the 12th CB to 292 billion KRW, totaling 292.8 billion KRW. If Enchem's stock price is maintained until the stock conversion point, investors are expected to record a return of 342.30% based on the amount.

The ability to record returns exceeding 300% was due to Enchem's stock price rising 278.62% compared to the end of last year. Unlike other secondary battery companies whose stock prices have been sluggish, Enchem continued its upward trend. Enchem is a producer of electrolytes, one of the key materials for secondary batteries. It supplies to companies such as LG Energy Solution, SK On, and CATL, which are among the world's top five battery makers.

In particular, the fact that it is the only company capable of producing large-scale electrolytes in the North American market has been highlighted. It is said to benefit from the U.S. Inflation Reduction Act (IRA). In fact, as of the first quarter of this year, the supply volume of products in North America increased by about 92% compared to the previous quarter.

Since the 11th to 13th CBs are still outstanding, CB investors are expected to continue converting their bonds into stocks. For the 11th CB, which was issued in May last year with a scale of 31.5 billion KRW, conversion requests amounting to 19.3 billion KRW were made on the 13th of last month. This is the second stock conversion, leaving a remaining balance of 12 billion KRW.

The conversion request period for the 12th CB, issued in June last year with a scale of 110 billion KRW, is from the 2nd of this month to May 2, 2028. After this stock conversion, the remaining balance will be 44 billion KRW. The 13th CB, issued around the same time with a scale of 50 billion KRW, is also approaching its conversion period, making stock conversion highly likely. The conversion request period for the 13th CB is from the 7th of next month to June 7, 2028. The conversion price is 70,711 KRW.