SeoulMarkets · tag
dilution
12 stories tagged “dilution”, each from official Korean data with its source and timestamp.
10 More Korean Rights Issues: One Diluted 17.3%, Another 61.6%
A fresh batch of filings, late August through mid-September: the largest raise (Samsung FN REIT, ₩97.7bn) diluted shareholders 17.3%. The second-largest (Heng Sheng Holding Group, ₩60.0bn) diluted them 61.6%. Not advice.
A Korean REIT Issued Two Convertible Bonds the Same Day. Together They're 8.13% Dilution.
Koramco Life Infra REIT's board approved two private convertible bonds on 21 September — same conversion price, same coupon, same maturity date — worth a combined 34 billion won and 8,308,894 potential new shares.
Cellid Raised 10 Billion Won by Diluting Shares 16 Percent
A single third-party placement filed today adds 4.8 million new Cellid shares to a base of 29.5 million — 16.26% dilution, with the company's own filing marking 9.999 billion of the roughly 10 billion won raised as general operating funds.
Four Korean Dilution Filings Landed in Three Weeks. One Tops 100 Percent.
Korea Advanced Materials issued two same-day, same-price convertible bonds worth a combined 20.62% dilution — the fourth of four unrelated dilution filings we checked from early September to today, ranging from 8% to 164%.
One Korean Convertible Bond Is Worth 164% of the Company's Shares. A Second, Filed a Day Later, Is 13%.
THE CODI's board approved a 30 billion won convertible bond on 7 September that would create more shares than the company has outstanding — 163.75% dilution by its own figure — then a smaller bond the next day.
A Company Paid a 9.6% Premium to Cancel a Convertible Bond It Had Sold Three Months Earlier
Emgen Solution sold a private convertible bond in June 2026. In September it bought the whole issue back for 9.6% over face value -- canceling 8.3% worth of potential dilution, 32 months before the bond was due.
One Korean private placement diluted shares by 80 percent. Another, by 106 percent.
NC& and Satoshi Holdings each filed third-party share placements this month. NC&'s new shares equal 79.7% of its prior count; Satoshi's new shares exceed its prior count outright, at 105.9%.
EcoPro BM's ₩886bn raise: 100% for an unnamed acquisition
EcoPro BM's rights issue creates 9,900,990 new shares at ₩89,500 — a 16% discount to the ₩106,500 close — diluting existing holders 9.2%. All ₩886.1bn raised is filed as 'business acquisition'; no target has been separately disclosed.
35 Korean capital raises ranked 3 ways — size never predicted the outcome
This week we ranked 35 Korean capital-raising filings three ways — buybacks, rights issues, convertible bonds. In every single one, the size of the deal did not predict what it meant for existing shareholders.
KG Mobility's convertible bond dilutes shares 22%
Five Korean convertible bonds filed this week all pay 0% surface interest — the option to convert is the entire return. Potential dilution on conversion ranges from 1.0% to 22.0%, and it isn't the biggest raise that dilutes least.
Samsung Biologics raised 300x more, diluted 11x less
Samsung Biologics' ₩3.00tn rights issue diluted shareholders 4.7%. PhionX raised 300 times less — and diluted 53.8%, eleven times more. Twenty-one filings this week show size doesn't predict dilution.
Korea's convertibles create new shares at a 24% discount. Cash raises, 12%.
Measured against the market price on the day the shares are created, convertibles dilute at a 23.8% discount and cash raises at 12.5%. Control for the 456 companies that used both and the convertible still discounts 7.7 points deeper.