UM Energy Co.,Ltd. announced that it expects to receive KRW 14.25 billion in funding from Feelingk Co., Ltd, Wise Alliance Co.,Ltd.
January 02, 2018
Share
UM Energy Co.,Ltd. announced announced a private placement of 13th round unregistered unguaranteed private convertible bonds for gross proceeds of KRW 14,250,000,000 on January 3, 2018. The transaction will include participation from returning investor, Feelingk Co., Ltd (KOSDAQ:A064800) for KRW 8,550,000,000, and new investors Wise Alliance Co.,Ltd. for KRW 5,000,000,000, and Choi, Kiyoon for KRW 700,000,000. The bonds carry coupon rate of zero and yield to maturity of 4%. The bonds have maturity date of February 2, 2021. The bonds are convertible into common shares of the company at a conversion price of KRW 4,837 for a period from February 2, 2019 to January 2, 2021. The subscription date is January 3, 2018. The payment date is February 2, 2018. The board of directors of the company approved the transaction.
PonyLink Co Ltd, formerly GemVaxLink Co Ltd, is a Korea-based company principally engaged in the clothing miscellaneous goods business. The Company operates its business through three segments. The Overseas Clothing and Miscellaneous Goods Wholesale and Retail segment is mainly engaged in the overseas clothing accessories wholesale and retail business. The Wireless Internet Solutions segment is mainly engaged in the e-commerce platform construction, messaging communication marketing, and mobile platform construction business. The Finance segment is mainly engaged in the provision of management consulting services.
PONYLINK CO., LTD. 
