[DISCLOSURE]
Shinwon Construction (017000) announced on Oct. 5 that it plans to issue convertible bonds worth 39 billion won (US$35.02 million) and offer to Growth & Values Development, to finance its operations.
Its largest shareholder
Wonik Holdings (030530) has also signed a contract to hand over the shares to Growth & Values No.3 and others, which amounts to 39.05 billion won. The largest shareholder will accordingly change on Nov. 21.
By Yun Jeong-hyeon (
clareyun@heraldcorp.com)