DK&D Co.,Ltd announced that it expects to receive KRW 20 billion in funding
April 19, 2021
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DK&D Co.,Ltd (KOSDAQ:A263020) announced a private placement of round 2 registered coupon nonguaranteed private convertible bonds for gross proceeds of KRW 20,000,000,000 on April 20, 2021. The bonds are zero coupon bonds with no yield to maturity, are issued at par and will mature on April 22, 2026. The bonds are fully convertible into 1,915,892 common shares representing 19.79% stake at a conversion price of KRW 10,439 per share from April 22, 2022 to March 22, 2026. The transaction will include participation from Mirae Asset Securities Co., Ltd. for KRW 2,000,000,000, CS Advisors for KRW 1,000,000,000, funds managed by NH Hedge Asset Management Co., Ltd. for KRW 1,500,000,000, GVA Asset Management Co., Ltd. for KRW 3,000,000,000, Atman Asset Management Co., Ltd. for KRW 1,000,000,000, Rhinos Asset Management Co., Ltd. for KRW 5,000,000,000, Orian Asset Management Co., Ltd. for KRW 2,000,000,000, Suseong Asset Management Co., Ltd. for KRW 3,000,000,000 and Dareum Asset Management Co., Ltd. for KRW 1,500,000,000. The transaction has been approved by the board of directors of the company. The subscription date and payment date is on April 22, 2021. The bonds are subject to prohibition of conversion and division or merger of recommendations for one year from the date of issue of bonds.
DK&D CO.,LTD is a Korea-based company principally engaged in the manufacturing and distribution of synthetic leathers. Along with its subsidiaries, the Company manufactures and sells Polyurethane (PU) synthetic leathers used for garments, headsets, furniture, electronic cases, cars, and others. The Company also produces non-woven fabrics used for production of synthetic leathers for footwear. In addition, the Company produces raw materials such as fabrics and yarns. Companyâs products are sold under the brand name of RAMSKIN and RAMKID.
DK&D CO.,LTD 
