E&D Co., Ltd. announced that it expects to receive KRW 30 billion in funding from Kiwoom Securities Co., Ltd., Investment Arm, Korea Investment & Securities Co., Ltd., Investment Arm, NH Investment & Securities Co., Ltd., Investment Arm, Samsung Securities Co. Ltd., Investment Arm, Shinhan Bank, Investment Arm and other investors
February 14, 2021
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E&D Co., Ltd. (KOSDAQ:A101360) announced a private placement of 5th non-guaranteed private convertible bonds with bearer interest for gross proceeds of KRW 30,000,000,000 on February 15, 2021. The transaction will include participation from new investors, Kiwoom Securities Co., Ltd., Investment Arm for KRW 8,000,000,000, Kiwoom Aion Kosdaq Scale-up Venture Specialized Private Equity Fund for KRW 3,000,000,000, Kiyun Hero 2 Technology Innovation Fund for KRW 2,000,000,000, Friend New Technology Business Fund No. 41 for KRW 500,000,000, Korea Investment & Securities Co., Ltd., Investment Arm as trustee of GQ Safe Mezzanine Professional Investment Type Private Equity Trust No. 1 for KRW 13,000,000,000, NH Investment & Securities Co., Ltd., Investment Arm as trustee of Skywalk Beta-K KOSDAQ Venture Professional Investment Private Equity Trust No. 1 and Skywalk theH KOSDAQ Venture Professional Investment Private Equity Trust No. 1 for KRW 500,000,000 each, Samsung Securities Co. Ltd., Investment Arm as trustee of NH Absolute Triton Professional Investment Private Equity Trust No. 1 and NH Absolute Mezzanine Private Equity Investment Trust No. 1 for KRW 500,000,000 each, Shinhan Bank, Investment Arm as trustee of Darum IPO KOSDAQ Venture Professional Investment Type Private Equity Trust No. 1 and Darum IPO KOSDAQ Venture Professional Investment Type Private Equity Trust No. 2 for KRW 600,000,000 and KRW 400,000,000 respectively. The bonds will mature on February 17, 2026. The bonds will have a coupon rate of 0.1% and yield to maturity of 0.1%. The bonds are 100% convertible into 752,464 common shares representing 7.29% stake at a fixed conversion price of KRW 39,869 per share from February 17, 2022 to January 17, 2026. The subscription date and payment date is February 17, 2021. The transaction has been approved by board of directors of the company.
Eco&Dream Co Ltd, formerly E&D Co Ltd, is a Korea-based company primarily engaged in the manufacture and sale of catalyst systems. The Company operates its business through two segments. The Environment Business segment is engaged in the manufacture and sale of catalyst systems, which are reduction devices for vehicle emissions reduction projects. The Segment is engaged in the manufacture and sale of catalyst materials for new vehicles such as agricultural and construction machineries. The Secondary Battery Materials segment is engaged in the manufacture and sale of precursors for cathode active materials for secondary batteries used in hybrid and electric vehicles.
E&D Co., Ltd. announced that it expects to receive KRW 30 billion in funding from Kiwoom Securities Co., Ltd., Investment Arm, Korea Investment & Securities Co., Ltd., Investment Arm, NH Investment & Securities Co., Ltd., Investment Arm, Samsung Securities Co. Ltd., Investment Arm, Shinhan Bank, Investment Arm and other investors