[DISCLOSURE] AT Technology (073570) announced on Aug. 29 that its largest shareholder has changed from Cha Jebong to Mercury IP Tech, which now holds 12.61 percent. The acquired stocks will be safeguarded for a year.

AT Technology has issued common shares of around 2.80 million worth 4.2 billion won (US$3.73 million) through third party allotment. The new largest shareholder is planning to join AT Technology’s management. The conversion price of its convertible bonds with no warranty is 500 won per share.

AT Technology also issued private convertible bonds worth 800 million won on the same day.

The maturity rate is 2 percent and the conversion price is 2,184 won. The conversion period is until July 26, 2019.

By Yun Jeong-hyeon (clareyun@heraldcorp.com)