Bizplay Co., Ltd. announced that it expects to receive KRW 15.000002 billion in funding from KB Securities Co., Ltd., NH Investment & Securities Co., Ltd., Korea Investment & Securities Co., Ltd., Daegyeong Investment Co., Ltd., Hana Ventures Inc., Kookon NV
September 21, 2022
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Bizplay Co., Ltd. announced that it will issue 1,304,348 shares at issue price of KRW 11,500 per share for total gross proceeds of KRW 15,000,002,000 on September 22, 2022. The included participation from new investors Hana Beyond Finance Fund, a fund managed by Hana Ventures Inc., an investment arm for 869,566 shares, NH Investment & Securities Co., Ltd. for 52,173 shares, Korea Investment & Securities Co., Ltd. for 34,782 shares, KB Securities Co., Ltd. for 43478 shares and Kookon Nv for 304,349 shares. The shares to be issued will have a restriction period of 12 months.
The preferred shares are convertible into 1,304,348 common shares of the company at the conversion price of KRW 11,500 per share. The conversion period will begin on October 7, 2025 and end on October 6, 2032. The company is expected to close the transaction on October 7, 2022.
The transaction has been approved by board of directors of the company.
NH Investment & Securities Co Ltd, formerly Woori Investment & Securities Co Ltd, is a Korea-based company principally engaged in the financial investment business. The Company operates its business through four segments. The Trading segment is engaged in the commodity management including stocks and bonds, derivatives supply, as well as equity capital investment. The Sales segment provides asset management services such as stocks brokerage and financial product sales to individuals and institutional investors. The Investment Bank (IB) segment offers services related to corporate finance, including corporate funding, merger and acquisition (M&A), and private equity fund (PEF) operations. The Headquarter and Other segment is involved in the headquarter management, among others.
Bizplay Co., Ltd. announced that it expects to receive KRW 15.000002 billion in funding from KB Securities Co., Ltd., NH Investment & Securities Co., Ltd., Korea Investment & Securities Co., Ltd., Daegyeong Investment Co., Ltd., Hana Ventures Inc., Kookon NV