[Edaily Reporter Shin Ha-yeon ] SIMMTECH Co., Ltd.(222800)announced on the 4th that conversion rights for its 7th series of convertible bonds (CBs) totaling 11 billion won had been exercised.
The conversion will result in the issuance of 510,298 shares, representing 1.34% of the total number of outstanding shares. The conversion price is 21,556 won per share, and the shares are scheduled to be listed on the 21st. The remaining principal balance of the bonds after conversion is 28 billion won.
The conversion will result in the issuance of 510,298 shares, representing 1.34% of the total number of outstanding shares. The conversion price is 21,556 won per share, and the shares are scheduled to be listed on the 21st. The remaining principal balance of the bonds after conversion is 28 billion won.