EXT Co.,Ltd. announced that it expects to receive KRW 5 billion in funding
November 15, 2020
Share
EXT Co.,Ltd. (KOSDAQ:A226360) announced a private placement of round 8 unregistered coupon non-guaranteed private equity convertible bonds with bearer interest for gross proceeds of KRW 5,000,000,000 on November 16, 2020. The transaction will include participation from KH Global Association. The bonds are issued at 3.5% coupon rate, 5% yield to maturity, and will mature on November 17, 2023. The interest will be paid every three month. The bonds will are fully convertible into 1,841,620 common shares of the company, representing 3.39% in the company, at a conversion price of KRW 2,715 per share. The conversion period is from November 17, 2021 to October 17, 2023. The subscription date is November 17, 2020 and is expected to close by November 17, 2020. The transaction has been approved by the board of directors of the company.
KH Construction Co Ltd, formerly KH E&T Co Ltd, is a Korea-based company mainly engaged in the construction business. The Company operates its business through four segments. The Construction segment mainly engages in the point foundation (PF), screw anchor pile methods construction business. The Manufacture segment produces Ext-Pile reinforcing plates. The Technical Service segment provides products quality management service, technical consulting service, and others. The Other segment engages in the residential rental business.