Enchem Receives Wisdom Shares Instead of 7.8B Won in CB Sale Proceeds

Enchem-8.31%
According to Korea's Financial Supervisory Service, battery material company Enchem completed the sale of its 11th and 13th tranches of convertible bonds on July 24, receiving only 400 million won in cash and 97,767 shares of non-listed company Wisdom as payment for the remaining 7.8 billion won proceeds. The stock transaction was facilitated by GMI Venture's Golden Value Fund 5. As of Q1 2026, Enchem held only 7.3 billion won in cash assets and reported a 24.2 billion won operating loss, with a current ratio of 61.9% indicating liquidity strain.
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