Smark Co.,Ltd announced that it has received KRW 5 billion in funding
April 19, 2018
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Smark Co.,Ltd (KOSDAQ:A030270) announced a private placement of round 20th unregistered and unsecured convertible bonds for gross proceeds of KRW 5,000,000,000 on April 20, 2018. The transaction included participation from CJR Holdings Co., Ltd. The bonds are issued at par. The bonds issued have a fixed coupon rate of 4% per annum and yield to maturity of 4%. The maturity date of bonds is April 20, 2021. The shares are 100% convertible into 6,915,629 shares at a price of KRW 723 per share from April 19, 2019 to Mach 20, 2021. The transaction has been approved by the board of directors of the company.
SMARK CO., LTD, formerly KAHEE CO., LTD is a Korea-based company engaged in the manufacture and distribution of yarns. The Company produces cotton yarns, combed cotton yarns, blended yarns, slub yarns, core yarns and compact yarns for knitting, weaving and industrial uses. It also provides ring combed cotton yarns, ring slub yarns, stretch core spun yarns and others. The Company operates Gaju mills and Sinni mills with open ended spinners, which are also known as air spinnings, as well as ring spinners. The Company distributes its products within domestic market and to overseas markets.
KAHEE CO., LTD. 
