ES Cube Co., Ltd. announced that it expects to receive KRW 20 billion in funding
November 29, 2021
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ES Cube Co., Ltd. announced a private placement of 6th series unregistered coupon unguaranteed private convertible bonds for proceeds of KRW 20,000,000,000 on November 30, 2021. The bonds will mature on March 31, 2024. The bonds will be fully convertible into 4,000,000 common shares representing 22.77% stake in the company at a conversion price of KRW 5,000 from March 31, 2023 to March 30, 2024. The subscription date of the bonds is November 30, 2021 and payment date is March 31, 2021. The bond carries a coupon rate of 1.5% and maturity rate of 3%. The transaction will include participation from ES Investment Partners Co., Ltd. The transaction has been approved by the board of directors of the company.
ES Cube Co Ltd, formerly Liveplex Co Ltd, is a Korea-based company principally engaged in the business of manufacturing leisure and functional tents. The Company operates its business through three segments. The Tent Business segment manufactures leisure and functional tents for travel, auto camp, family, shade, and mountain use. The Financial Business segment is engaged in savings banking. The Other Business segment is involved in the oil business as well as wholesale and retail business. The Company distributes its products within domestic market and to overseas markets including North America, Japan and others.
ES CUBE CO., LTD. 
