ZAIGLE Co., Ltd. announced that it expects to receive KRW 14 billion in funding from Korea Investment & Securities Co., Ltd., Investment Arm, Korea Securities Finance Corporation, Investment Arm
May 10, 2018
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ZAIGLE Co., Ltd. (KOSDAQ:A234920) announced a private placement of 1st round unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 14,000,000,000 on May 11, 2018. The bonds carry no coupon rate and will be mature on May 14, 2024. The bonds are redeemable and will be convertible into 2,064,896 common shares at a conversion price of KRW 6,780 per share between the periods of May 14, 2021 and April 14, 2024. The payment date of the transaction is May 14, 2018. The transaction has been approved by board of directors of the company.
ZAIGLE Co., Ltd. is a Korea-based company primarily engaged in the manufacture and distribution of cooking apparatus. The Company operates its business through three segments. The Kitchen Electric Appliances segment manufactures and distributes roasters under the brand names of ZAIGLE-HANDSOME, ZAIGLE-PLUS and others. The Household Appliances segment manufactures and distributes household electric appliances under the brand names of ZAIGLE-AIR, ZAIGLE-CLEAR and others. The Other segment manufactures pans and other components, which are used for the cooking apparatus. The Company distributes its products within domestic market and to overseas markets.
ZAIGLE Co., Ltd. announced that it expects to receive KRW 14 billion in funding from Korea Investment & Securities Co., Ltd., Investment Arm, Korea Securities Finance Corporation, Investment Arm
ZAIGLE CO., LTD. 
