DYD Decides to Sell Convertible Bonds... Aiming to Raise Funds for Tangible Asset Acquisition
DYD announced on the 5th that it has decided to sell its convertible bonds (CBs).
The acquisition of its own CBs was an early acquisition before maturity through consultation with bondholders, with an acquisition amount of 10.6 billion KRW.
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The sale amount was 3 billion KRW, and regarding the basis for this valuation, the company explained, "It was decided through consultation with the buyer, considering comprehensive factors such as securing liquidity, acquisition cost, and value assessment." The purpose of the sale is to fund the acquisition of tangible assets, and the buyer is BL Cosmetic.
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