Alticast to Raise Stake in Altimobility to 47.5% Through Debt-to-Equity Conversion
Bitget2026/10/23 09:49- Alticast will acquire 1,305,120 common shares in Altimobility for KRW 6.53 billion through a debt-to-equity conversion.
- The subscription will offset existing loans at an issue price of KRW 5,000 per share.
- The transaction will bring its holding to 2,321,155 shares, representing a 47.5% stake.
- The board decided on the transaction on October 23, 2026; completion is scheduled for October 31, 2026.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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