EWON COMFORTECH

Ewon Comfortech (Korean: 이원컴포텍) is a South Korean automotive parts company. According to its Korean Wikipedia entry, it is a manufacturer of automotive components. The company has drawn controversy over its financing activities: it issued an excessive amount of convertible bonds to pursue new business, and as its share price fell, a wave of put option (early redemption) claims emerged. In 2023, the company's largest shareholder at the time, Proface Sciences, pledged 3 million shares to convertible bond investor Oha as collateral; when it defaulted, the collateral shares were transferred, resulting in a change of the largest shareholder. The company maintains an official website at ewonseat.com.

Ewon Comfortech (Korean: 이원컴포텍) is a South Korean automotive parts company. Its Korean Wikipedia entry describes it as an automotive parts enterprise. The company has been involved in controversy over its financing: it issued an excessive amount of convertible bonds to pursue new business, and as its share price declined, a large number of put option (early redemption) claims were triggered. In 2023, the company's then-largest shareholder, Proface Sciences, pledged 3 million shares to convertible bond investor Oha as collateral; due to default, the collateral shares were transferred, resulting in a change of the largest shareholder. The company operates an official website at ewonseat.com.

• 2023

  Largest shareholder Proface Sciences pledged 3 million shares to convertible bond investor Oha as collateral; default led to transfer of collateral shares and a change of largest shareholder.

Product categories. Automotive parts

• Convertible bond and put option controversy

• Change of largest shareholder due to collateral default

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1. 1이원컴포텍 - 위키백과ko.wikipedia.org
2. 2Ewon Comfortech - Wikidatawikidata.org