KOSDAQ:024840

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Yuanta Financial Buys KRW2 Billion of KBI Metal Convertible Bonds; KBI Shares Drop 9%

Yuanta Financial (TPE:2885) Yuanta Securities (Korea) has acquired 2 billion won worth of convertible bonds issued by KBI Metal (KOSDAQ:024840) via private placement, according to a Wednesday Taiwan Exchange filing.Shares of KBI Metal dropped nearly 9% in recent trade.The bonds carry a conversion option into KBI Metal common shares between June 2027 and May 2031, at a conversion price of 5,140 won per share.

KOSDAQ:024840TPE:2885

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