The Korea Herald


Majestar to issue CB worth W25b and raise capital

By 윤정현

Published : Oct. 18, 2016 - 11:27

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[THE INVESTOR] Majestar (035480), a casino operator and digital broadcasting products manufacturer, reported on Oct. 18 that it is to issue convertible bonds worth 25 billion won (US$22.09 million) to finance its operations. They will be issued separately in 15 billion won and 10 billion won lots, and offered to Venetian Holdings Association of Investment.

Majestar also announced that it has decided on a capital increase worth 10 billion won (US$8.83 million) through third-party allotment to finance its operations, at the price of 2,025 won per share.

A total of 4,938,271 shares will be issued to Venetian Holdings Association of Investment, which will become the largest shareholder of the company.

By Yun Jeong-hyeon (