Daesung Hi-Tech, a KOSDAQ-listed company, is showing strong gains in early trading on the 17th following news that it will issue convertible bonds (CB) worth 15 billion won.
As of 9:57 a.m. on that day, Daesung Hi-Tech was trading at 4,795 won, up 1,105 won (29.95%) from the previous trading day. The stock surged after opening, reaching the daily price limit.
Daesung Hi-Tech announced that it decided to issue the 6th series of convertible bonds worth 15 billion won after the market closed the previous day to secure operating funds. The maturity date is April 18, 2030, and the conversion price is 3,926 won per share, which is higher than the previous closing price of 3,690 won.
It is interpreted that the successful raising of investment funds worth 15 billion won at a price higher than the stock price at the time of the decision to issue has boosted expectations for performance growth, driving up the stock price.
The conversion request period will begin on April 18, 2026, and NH Investment & Securities, Samsung Securities, KB Securities, and Mirae Asset Securities have acquired this CB.