Jokwang ILI Co., Ltd. announced that it expects to receive KRW 30 billion in funding from YR Invest Co., Ltd, Mirae Asset Daewoo Co., Ltd., Investment Arm and other investors
January 05, 2021
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Jokwang ILI Co., Ltd. (KOSDAQ:A044060) announced a private placement of round 4 non-guaranteed private equity convertible bonds with bearer interest for gross proceeds of KRW 30,000,000,000 on January 6, 2021. The transaction will include participation from History Investment Advisory Co., Ltd. for KRW 1,000,000,000, Mirae Asset Daewoo Co., Ltd., Investment Arm for KRW 2,000,000,000, Nard Investment Fund for KRW 13,000,000,000, Zebra Investment Advisory Co., Ltd. for KRW 7,000,000,000, YR Invest Co., Ltd. for KRW 3,000,000,000, Kwangjin Oh for 1,000,000,000, Hae Sun Choi for KRW 2,000,000,000 and Seung Yong Yeom for KRW 1,000,000,000. The bonds bear a coupon rate of 1% and yield to maturity of 1%. The maturity date of bonds is January 12, 2024. The bonds are 100% convertible into 3,179,987 shares representing 24.98% stake at a conversion price of KRW 9,434 per share. The conversion period will start from January 12, 2022 and will end on December 12, 2023. The subscription and payment date are January 8, 2021 and January 12, 2021 respectively. The transaction has been approved by board of directors of the company.
Jokwang I.L.I. Co.,Ltd is a Korea-based company primarily engaged in the manufacture and distribution of valves. The Companyâs valves mainly consist of safety relief valves, stream traps, reducing and regulating valves, strainers and others. Its products are principally used in shipbuilding, construction, petrochemical plant and nuclear power sectors. The Company is also engaged in the plant rental business. The Company distributes its products within domestic market and to overseas markets.
Jokwang ILI Co., Ltd. announced that it expects to receive KRW 30 billion in funding from YR Invest Co., Ltd, Mirae Asset Daewoo Co., Ltd., Investment Arm and other investors
JOKWANG ILI CO., LTD. 