YEST Co., Ltd. announced that it expects to receive KRW 35 billion in funding from Eugene Savings Bank Co., Ltd, Hana Securities Co., Ltd., Shinhan Investment & Securities Co., Ltd., EBEST Investment & Securities Co., Ltd., DB Financial Investment Co., Ltd., and other investors
April 16, 2023
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YEST Co., Ltd. announced a private placement of Series 6 Unsecured privately placed convertible bonds with bearer interest for gross proceeds of KRW 35,000,000,000 on April 17, 2023. The transaction included participation from new investors Eugene Savings Bank Co., Ltd, Hana Securities Co., Ltd., EBEST Investment & Securities Co., Ltd., DB Financial Investment Co., Ltd. for KRW 1000,000,000 by each, Shinhan Investment & Securities Co., Ltd. for KRW 2,000,000,000 and other investors. The bonds will carry 0% coupon rate, 5% yield to maturity rate, will mature on Apr 19, 2028 and will be 100% convertible into 3,434,402 common shares of the company at a fixed conversion price of KRW 10,191 per share from April 19, 2024 to March 19, 2028.
The transaction has been approved by the board of directors of the company. The payment date is on April 19, 2023. The securities issued are caring hold period of one year.
LS Securities Co Ltd, formerly EBest Investment & Securities Co Ltd, is a Korea-based company principally engaged in the financial investment and securities services provision business. The Company mainly provides securities investment brokerage services such as equity securities, debt securities, investment securities, investment contract securities, derivatives-linked securities and foreign currency securities, consignment trading services such as real-time ordering, quoting and securities information inquiring for stock futures, options and funds, as well as own trading services. The Company also provides underwriting, arranging and lending services.
YEST Co., Ltd. announced that it expects to receive KRW 35 billion in funding from Eugene Savings Bank Co., Ltd, Hana Securities Co., Ltd., Shinhan Investment & Securities Co., Ltd., EBEST Investment & Securities Co., Ltd., DB Financial Investment Co., Ltd., and other investors