Announcement • May 22
DS DANSUK CO., LTD. announced that it expects to receive KRW 30 billion in funding from Hanyang Securities Co. Ltd. and other investors.
DS DANSUK CO., LTD. announced private placement to issue Zero Coupon Series 32 Unregistered Unsecured Private Convertible Bonds due May 28, 2031 for gross proceeds of KRW 30,000,000,000 on May 20, 2026. The transaction includes participation from NH Investment & Securities Co., Ltd. (in the position of trustee for Fund 1) for KRW 10,000,000,000, (in the position of trustee for Fund 2) for2,000,000,000, in the position of trustee for Fund 3 in question) for KRW 1,500,000,000, Korea Investment & Securities Co., Ltd. (in the position of trustee for Fund 4) for KRW 1,000,000,000, (in the position of trustee for Fund 5) for KRW 1,000,000,000, (in the position of trustee for Fund 6 in this case) for KRW 1,000,000,000, Mirae Asset Securities Co., Ltd. (in the position of trustee for Fund 7) for KRW 3,500,000,000, Samsung Securities Co., Ltd. (in the position of trustee for Fund 8 in this case) for KRW 2,000,000,000, (in the position of trustee for Fund 9 in question) for KRW 1,100,000,000, (in the position of trustee for Fund 10) for KRW 900,000,000, (in the position of trustee for Fund 11 in question) for KRW 2,000,000,000, Hanyang Securities Co., Ltd. for KRW 3,000,000,000, Shinhan-Time Premier Mezzanine New Technology Fund for 1,000,000,000. The bonds are zero coupon with 1% yield to maturity and will mature on May 28, 2031. The bonds are 100% convertible into 1,456,239 common shares at a conversion price of KRW 20,601 at a conversion period from May 28, 2027 to April 28, 2031. The bonds are restricted for 1 year. the transaction is approved by board of directors of the company and is expected to close on May 28, 2026.