The entire CB issued from the Lime Fund will be cleared up in August.

Decisions to enhance shareholder trust and shareholder value without having any problems

SG, the No. 1 company in the Ascon (Asphalt Concrete) industry, announced on the 23rd that it had repaid 4.5 billion won in convertible bonds (CB) issued from Lime Funds early.

The company said that the Lime Fund's CB will also be transferred to the new operator, which is scheduled to be launched sometime in August.

As a result, SG will clean up the entire amount of convertible bonds issued from the Lime Fund on July 20, 2018 and resolve the risk of Lime issuance in August.

"Lime Funds were not invested by SG in Lime asset management, but by investors who invested in SG through Lime Funds, there was no problem at all," said an official of SG. "We are taking steps to enhance shareholder trust and shareholder value because of concerns that shareholders may have a negative view of the Lime crisis."​

Meanwhile, SG is currently expanding its business area by developing ascon eco-friendly facility EGR+ for the first time in Korea.

Kim Kyung-Taek​​

Source : https://news.naver.com/main/read.nhn?mode=LSD&mid=sec&sid1=101&oid=009&aid=0004620853​