Goodcen Co., Ltd. announced that it expects to receive KRW 4.00000905 billion in funding
May 28, 2018
Share
Goodcen Co., Ltd. (XKON:A243870) announced a private placement of 264,027 registered convertible and redeemable preferred stock at KRW 15,150 per share for gross proceeds of KRW 4,000,009,050 on May 29, 2018. The shares carry a par value of KRW 500 per share. The transaction will include participation from Brain KOSDAQ Venture Hedge Fund (Stock Mixed) for 132,015 shares, Brain KOSDAQ Venture Hedge Fund 1 for 66,006 shares, and Brain KOSDAQ Venture Hedge Fund 2 for 66,006 shares. The company will issue the shares via third party allotment. The shares can be redeemed between June 8, 2020 and June 6, 2028. The conversion period of the shares will be between June 8, 2018 and May 8, 2028. The preferred shares are convertible into 264,027 shares of the company. The payment date for the shares is expected on June 7, 2018. The transaction was approved by the board of directors of the company.
Goodcen Co., Ltd. is a Korea-based company mainly engaged in the provision of maintenance services of public cloud storages. The Company is involved in the provision of public cloud storage services and maintenance services of public cloud storages. In addition, the Company provides construction enterprise resource planning (ERP) systems, as well as unified communications and collaboration solutions (UC&Cs). The construction ERP includes solutions under the name of e-Novator, as well as safety management systems. The e-Novator provides the solutions related to mails, payment, as well as collaboration and information sharing for employee communication. The UC&Cs include enterprise knowledge portals (EKPs), as well as collaborative portal servers (CPSs).
GOODCEN CO., LTD. 
