DANAL Co., Ltd. announced that it expects to receive KRW 29 billion in funding
June 12, 2017
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DANAL Co., Ltd. (KOSDAQ:A064260) announced a private placement of 5th series unregistered and unsecured private convertible bonds for gross proceeds of KRW 29,000,000,000 on June 15, 2017. The bonds carry coupon rate of 0.0% and yield to maturity of 1.0%. The bonds have maturity date of June 15, 2020. The bonds are convertible into common shares of the company at a conversion price of KRW 6,038 for a period from June 15, 2018 to May 15, 2020. The transaction was approved by the board of directors.
DANAL Co., Ltd. is a Korea-based company mainly engaged in the provision of online payment services. The Companyâs activities include commerce business, which provides online payment services for purchasing games, music, movies and other contents using mobile phones and fixed phones; game business, which engages in the publishing of online games; contents business, which provides entertainment contents, such as ringtones, ring back tones, celebrity pictures, celebrity blogs and mobile horoscopes, and wireless download services of multimedia contents. In addition, the Company engages in the Internet advertising business and travel business. The Companyâs stake in the PAN Entertainment Co., Ltd decreased to 0%.
DANAL CO., LTD. 
