Kbi Dongkook Ind. Co., Ltd announced that it expects to receive KRW 4.4 billion in funding
April 03, 2019
Share
Dongkook Ind.Co.,Ltd (KOSE:A001620) announced private placement of round 7 unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 4,400,000,000 on April 4, 2019. The transaction involved participation from new investors Hands Partners Co., Ltd. for KRW 2,400,000,000 and HLSK Partners Co., Ltd. for KRW 2,000,000,000. The bonds will be issued at coupon rate of 1% and yield to maturity of 2.5%. The maturity date of bonds is April 25, 2022. The bonds are fully convertible into 5,051,664 shares at a price of KRW 871 per share for 7.65% stake in the company. The conversion period starts on April 25, 2020 and ends on March 25, 2022. The subscription date is April 8, 2019 and payment date is April 25, 2019. The transaction has been approved by the board of directors of the company.
KBI DONGKOOK IND CO., LTD, formerly DONGKOOK IND.CO., LTD, is a Korea-based company mainly engaged in the manufacture of automobile components. The Company's products consist of injection molding products such as crash pads reinforcements, front carrier assemblies, console floor assemblies, glove box assemblies, cluster facia assemblies, shroud steering, washing tank assemblies and nozzle defroster assemblies; blow molding products such as blow heater connection assemblies, which are used for air conditioners and heaters, and luggage board assemblies used for loading products in car trunks. The Company is also engaged in the rental business and construction business. It supplies its products within domestic market and to overseas markets.
KBI DONGKOOK IND.CO.,LTD. 
