Handysoft, Inc. announced that it expects to receive KRW 13 billion in funding from Susung Asset Management Co., Ltd., Shinhan Investment Corp., HisStory Investment Management, Hanyang Securities Co. Ltd.
May 25, 2017
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HANDYSOFT, Inc. (KOSDAQ:A220180) announced a private placement of 1st unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 13,000,000,000 on May 26, 2017. The transaction include participation from Susung Asset Management Co., Ltd. for KRW 1,500,000,000, Shinhan Investment Corp. for KRW 2,000,000,000, Hanyang Securities Co. Ltd. for KRW 2,000,000,000, HisStory Investment Management for KRW 2,000,000,000 and other investors. The transaction has been approved by the board of directors of the company. The transaction payment date is May 30, 2017. The bonds are zero coupon bonds. The maturity date is May 30, 2022. The bonds will be 100% convertible into 1,787,918 common shares of the company at a fixed conversion price of KRW 7,271 per share from May 30, 2018 to April 30, 2022. The Subscription date and the payment date of the transaction is May 30, 2017.
HANDYSOFT, INC. is a Korea-based company principally engaged in developing Internet platform and software. The Company mainly provides software such as collaboration solutions, process innovation solutions and mobile solutions; government solutions, including G-cloud services, enterprise cloud systems and e-government solutions, and Internet of things (IoT) platforms and services, such as meteorological information services, smart office services, smart home services and software as a service (SaaS) platforms and services.
Handysoft, Inc. announced that it expects to receive KRW 13 billion in funding from Susung Asset Management Co., Ltd., Shinhan Investment Corp., HisStory Investment Management, Hanyang Securities Co. Ltd.
HANDYSOFT, INC. 
