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[DISCLOSURE] Naturalendo Tech (168330) said on Aug. 30 that it has issued convertible bonds worth 5 billion won (US$4.46 million) for private offering to finance its operations. The conversion starts from Aug. 31, 2017.
The newly issued bonds will be offered to Mirae Asset Daewoo, Samsung Securities, NH Investment & Securities and others. The maturity interest rate is 3 percent and the conversion price is 17,800 won per share.
The company has named Jang Hyun-woo as the new CEO to promote efficiency in management, it said in a separate announcement.
By Yun Jeong-hyeon (clareyun@heraldcorp.com)
The newly issued bonds will be offered to Mirae Asset Daewoo, Samsung Securities, NH Investment & Securities and others. The maturity interest rate is 3 percent and the conversion price is 17,800 won per share.
The company has named Jang Hyun-woo as the new CEO to promote efficiency in management, it said in a separate announcement.
By Yun Jeong-hyeon (clareyun@heraldcorp.com)
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