[Edaily Reporter Kwon Oh Seok ] The stock price of KODI Co.,LTD.(080530), a company specializing in color cosmetics, is surging in early trading. It appears that buying interest is surging following news that the company has resolved its overhang issue. (Photo courtesy of KODI Co.,LTD.) According to MP Doctor on the 11th, as of 9:16 a.m., KODI Co.,LTD.’s stock is trading at 2,665 won, up 13.62% from the previous trading day. Previously, the company announced in a regulatory filing the previous day, “We have fully repaid the remaining balance of 4.55 billion won on the 17th Series Convertible Bonds with Warrants (BW), issued on August 9, 2023.” The BWs redeemed this time are non-separable BWs, meaning the stock subscription rights expire simultaneously with the redemption of the bonds. The company expects that this full redemption will eliminate a potential overhang factor, alleviate market concerns regarding shareholder value dilution, and serve as a foundation for strengthening the company’s capital structure. A KODI Co.,LTD. official explained, “Since this repayment was carried out using the company’s own cash reserves without external financing, it demonstrated the company’s robust cash generation capacity and financial soundness to the market; from a financial management perspective, it also serves as a strategic measure to enhance shareholder value.”
With investment in artificial intelligence (AI) infrastructure surging, growth across the entire semiconductor value chain—from foundries to advanced packaging and testing—is accelerating.
Accordin…
Ahead of Shinsegae Co.,Ltd’s regular executive reshuffle, attention is focused on the composition of the management team that will support Chairman Jeong Yong-jin’s “responsible management.” This is b…
A labor union has been established for the first time at Wemade Co., Ltd.(112040)ahead of a change in its major shareholder. The union expressed concerns about the continuation of core Wemix-related b…
