Moorim Paper Co., Ltd. announced that it expects to receive KRW 28.02 billion in funding
December 10, 2015
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Moorim Paper Co., Ltd. (KOSE:A009200) announced a private placement of series 74 unregistered coupon unguaranteed private placement exchangeable bonds for gross proceeds of KRW 15,000,000,000 on December 11, 2015. The bonds will carry a coupon of 1.5% and have a yield to maturity of 3%. The bonds will mature on December 15, 2020. The bonds will be fully convertible into common shares of the company at a price of KRW 8,100 per share.
On December 14, 2017, the company announced that the shares will now be convertible at a price of KRW 7,290 per share.
On the same date, the company announced a private placement of series 74-2nd unregistered coupon unguaranteed private placement exchangeable bonds for gross proceeds of KRW 13,020,000,000. The bonds will be fully convertible into common shares of the company at a price of KRW 8,100 per share.
On December 14, 2017, the company announced that the shares will now be convertible at a price of KRW 7,290 per share.
MOORIM PAPER CO., LTD. is a Korea-based company engaged in the manufacture of paper products. The Company produces uncoated papers, which are used for books, note books and diaries; coated papers, which are used for books, magazines, catalogues, brochures, calendars, text books, shopping bags and labels on beverages containers, and board papers, which are used for printing materials, such as catalogues, brochures, calendars and books for children. The Company also produces light-weight coated (LWC) papers for various prints, as well as raw materials. In addition, though its affiliated companies, the Company also provides pulp, and operates facility rental business, paper wholesale business, steam and electricity manufacture and distribution business, and logistics storage business.