Uni-Chem Co., Ltd. announced that it expects to receive KRW 10 billion in funding from IBK Capital Corporation, Shinhan Financial Investment Co., Ltd., Investment Arm, Mirae Asset Daewoo Co., Ltd., Investment Arm, and other investors
February 07, 2021
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Uni-Chem Co., Ltd. (KOSE:A011330) announced a private placement of series 29 unregistered coupon non-guaranteed private convertible bonds for gross proceeds of KRW 10,000,000,000 on February 08, 2021. The transaction will include participation from new investors, GVASaber-G Hedge Fund, GVASaber-V Hedge Fund and GVAFortress-A Hedge Fund for KRW 2,400,000,000; GVAMezz-V2 Hedge Fund for KRW 500,000,000; GVAFortress-V Hedge Fund for KRW 100,000,000; GVA Mezzanine-K2 Hedge Fund and GVA Coben-Alpha Hedge Fund for KRW 1,500,000,000; DS Quattro.Z KOSDAQ Venture Hedge Fund for KRW 500,000,000; IBK Capital Corporation for KRW 3,000,000,000; Shinhan Financial Investment Co., Ltd., Investment Arm for KRW 1,000,000,000; and existing investor, Mirae Asset Daewoo Co., Ltd., Investment Arm for KRW 1,000,000,000. The bonds will be issued at par. The bonds will not carry any coupon and have yield to maturity of 0%. The bonds will mature on February 10, 2025. The bonds will be fully convertible into 6,688,963 shares of the company at a fixed conversion price of KRW 1,495 from February 10, 2022 to January 10, 2025. The subscription and the payment date is February 10, 2021. The transaction has been approved by the board of directors of the company.
UNI CHEM.CO.,LTD. is a Korea-based company mainly engaged in the leathers manufacturing. The Company produces and distributes drum dyed leathers, soft and thin leathers, full grain leathers, shrunken leathers, vegetable tanned leathers, chrome free leathers and automotive leathers for dresses, handbags, gloves and women shoes, wallets, car seat coverings and steel wheels. The Company distributes its products within domestic market and to overseas markets.
Uni-Chem Co., Ltd. announced that it expects to receive KRW 10 billion in funding from IBK Capital Corporation, Shinhan Financial Investment Co., Ltd., Investment Arm, Mirae Asset Daewoo Co., Ltd., Investment Arm, and other investors