[Alpha Biz= Kim Jisun] KG Steel announced on April 21 that it has acquired 9,545,296 shares of Taihan Cable & Solution, with the transaction valued at approximately KRW 110 billion.
The share acquisition was not the result of a new investment or open-market purchase, but rather stems from the exercise of conversion rights associated with the company’s holdings of the 153rd series convertible bonds (CBs) issued by Taihan Cable & Solution.
Following the transaction, KG Steel’s ownership stake in Taihan Cable & Solution stands at 4.87%. The company stated that the move reflects the exercise of rights tied to its investment in convertible bonds.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
