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Shinwon Construction to issue CB worth W39b

[DISCLOSURE] Shinwon Construction (017000) announced on Oct. 5 that it plans to issue convertible bonds worth 39 billion won (US$35.02 million) and offer to Growth & Values Development, to finance its operations. 

Its largest shareholder Wonik Holdings (030530) has also signed a contract to hand over the shares to Growth & Values No.3 and others, which amounts to 39.05 billion won. The largest shareholder will accordingly change on Nov. 21. 

By Yun Jeong-hyeon (