Seoul: Broadband ISP Thrunet's three major shareholders — Softbank, Trigem Computer and Naray & Co — swap $110 million worth of bonds with warrants into shares to help save on interest expenses - News analysis: Asian telecoms this month - Brief Article - Statistical Data Included

Telecom Asia, April, 2002

Seoul: Broadband ISP Thrunet's three major shareholders -- Softbank, Trigem Computer and Naray & Co -- swap $110 million worth of bonds with warrants into shares to help save on interest expenses, lowering the ISP's debt-to-equity ratio from 670% to 350%. Softbank emerges as the largest single shareholder after the swap with 30.6%.