Zaigle Co., Ltd. announced that it has received KRW 10 billion in funding from KEB Hana Bank, Investment Arm
May 13, 2021
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ZAIGLE Co., Ltd. (KOSDAQ:A234920) announced a private placement of 2nd round registered private equity convertible bonds for gross proceeds of KRW 10,000,000,000 on May 14, 2021. The transaction included participation from KEB Hana Bank, Investment Arm. The bonds will bear a fixed rate of interest of 2.48% per annum. The debt maturity date is May 16, 2022. The bonds are fully convertible into 1,408,450 common shares at a fixed conversion price of KRW 7,100 per share from May 14, 2022 to May 16, 2022. 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. 
