Ezwel Co., Ltd. announced that it expects to receive KRW 6.54311885 billion in funding from Korea Investment & Securities Co., Ltd.
July 19, 2020
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Ezwel Co., Ltd. (KOSDAQ:A090850) announced a private placement of 2nd series non-guaranteed private equity exchange bond for gross proceeds of KRW 6,543,118,850 on July 20, 2020. The transaction involves the participation of returning investor Korea Investment & Securities Co., Ltd. The bonds have zero coupon and will mature on July 22, 2022. The bonds are be 100% converted into 570,455 common shares representing 4.88% stake of the company at a fixed conversion price of KRW 11,470 per share from July 23, 2020 to June 22, 2022. The subscription and payment date for the transaction is July 22, 2020. The transaction has been approved by board of directors of the company.
Hyundai Ezwel Co Ltd, formerly Ezwel Co Ltd, is a Korea-based company primarily engaged in the provision of welfare services. The Company conducts businesses related to corporate and social welfare services such as selective welfare, welfare packages, and public welfare services. In addition, the Company, along with its subsidiaries, is involved in the development and consultation of software related to selective welfare projects, the operation of e-commerce, the provision of comprehensive medical information and employee assistance programs (EAPs), mental health care services, and travel tourism services. In addition, the Company is engaged in investments and the business of real estate construction and rental.
HYUNDAI EZWEL CO.,LTD. 
