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Koas to Dispose of KRW1.73 Billion in Convertible Bonds of JK Synapse

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Koas (KRX:071950) plans to sell 1.73 billion won worth of Series 32 zero-coupon unsecured, unguaranteed, bearer-type convertible bonds issued by JK Synapse, according to a Monday filing with the Korean Exchange.

The disposal, scheduled to take place on Aug. 3, represents 4.98% of Koas' equity capital.

The convertible bonds were originally acquired on Dec. 29, 2025, with a total face value of 5 billion won, the filing said.

Shares of the multi-use furniture manufacturer plunged over 29% at market close.

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