Kumyang Co., Ltd. announced that it expects to receive KRW 10 billion in funding from NH Investment & Securities Co., Ltd., Investment Arm, Samsung Securities Co. Ltd., Investment Arm, KB Securities Co., Ltd., Investment Arm, Shinhan Financial Investment Co., Ltd., Evest Investment Securities Co., Ltd., SUSUNG ASSET MANAGEMENT Co., Ltd.
February 19, 2020
Share
Kumyang Co., Ltd. (KOSE:A001570) announced a private placement of series 39th Bearer's Interest-free Non-Guaranteed Private Equity Bond for gross proceeds of KRW 10,000,000,000 on February 20, 2020. The transaction will include participation from Shinhan Financial Investment Co., Ltd. for KRW 2,000,000,000, Evest Investment Securities Co., Ltd. for KRW 500,000,000, SUSUNG ASSET MANAGEMENT Co., Ltd. for KRW 2,700,000,000, NH Investment & Securities Co., Ltd., Investment Arm through Fund 1 for KRW 1,000,000,000, Fund 2 and Fund 3 for KRW 500,000,000 each, Fund 4 for KRW 1,000,000,000, KB Securities Co., Ltd., Investment Arm through Fund 5 for KRW 700,000,000, through Fund 6 for KRW 400,000,000, Samsung Securities Co. Ltd., Investment Arm through Fund 7 for 200,000,000, Fund 8 for KRW 300,000,000, and Fund 9 for KRW 200,000,000. The interest rate on bonds is 1%. The bonds will mature on February 24, 2025. The bonds are convertible into common shares at a price of KRW 2,665 starting from February 24, 2021 and ending on January 24, 2025. The bonds are redeemable in nature. The payment date is February 24, 2020. The transaction has been approved by the board of the company.
KUM YANG CO., LTD. is a Korea-based company engaged in the manufacture and sale of chemicals and related products. The Company's product portfolio consists of chemical blowing agents, which are chemical additives used to evolve gas through thermal decomposition and produce foam structures in a polymeric matrix; capsulated blowing agents, which are used for polyvinyl chloride (PVC) sandals, artificial leather, screen printing, printing ink and other areas; master batches, which make processing circumstance clean without flowing powders and chemicals loss; titanium dioxides, which are used for coating industry, plastics and others, as well as flame retardant and other products. The Company distributes its products within domestic market and to overseas markets. On February 26, 2014, it acquired whole shares of KUMYANG NEIMENGGU CHEMICAL CO.,LTD, a China-based blowing agent manufacturing company. After that, the Company holds 100% of KUMYANG NEIMENGGU CHEMICAL CO.,LTD.
KUMYANG CO., LTD. 
