MZ Solution Decides to Cancel 4.2 Billion KRW of 20th Convertible Bonds

MGN Solution announced on the 14th that it has decided to fully cancel the 4.2 billion KRW worth of the 20th series convertible bonds (CB) that it had acquired and held before maturity.

Previously, MGN Solution issued convertible bonds worth 6 billion KRW on May 18, 2023. Of this, 1.8 billion KRW has been converted into common stock.

The scheduled cancellation date is the 21st, and the cancellation amount is 4.2 billion KRW.