GNCO Co., Ltd. announced that it expects to receive KRW 20 billion in funding
January 21, 2019
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GNCO Co., Ltd. (KOSDAQ:A065060) announced a private placement of 14th unregistered coupon unguaranteed private convertible bonds for the gross proceeds of KRW 20,000,000,000 on January 22, 2019. The expected payment date of the transaction is on January 28, 2019. The transaction will include participation from Synergy 4th Industry No. 3 New Technology Investment Fund. The bonds will mature on January 28, 2022. The bond carries coupon rate of 3% and yield to maturity is 6%. The bonds will be convertible into 11,325,028 shares of the company at a fixed conversion price of KRW 1,766 from January 28, 2020 to December 28, 2021. The transaction has been approved by board of directors of the company.
GNCO CO. LTD. is a Korea-based company mainly engaged in the manufacturing and sale of casual apparels. The Company manufactures and sells womenâs and menâs casual apparels including outwear and underwear, and accessories including bags, shoes, ties, jewelries, gloves, among others under five brands, including Thursday Island, which is a urban vintage casual brand mainly for women; T.I FOR MEN, which is a men's casual brand mixing the formal and casual style; ELOQ, which is a unisex casual brand; LOUDMUT, a womenâs casual brand, and PHENOM, which is a concept store brand specializing in selling imported accessories in Northern European style. It distributes its products through distribution agencies, departments and online shopping malls www.gncostyle.com. In addition, the Company is involved in financial investment business.
GNCO CO., LTD. 
