Daewon Media Co., Ltd. announced that it has received KRW 1 billion in funding from Q Capital Partners Co., Ltd.
November 03, 2013 at 11:00 pm
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Daewon Media Co., Ltd. (KOSE:A048910) announced a private placement of round 2, unregistered unsecured private convertible debentures for gross proceeds of KRW 1,000,000,000 with new investor, KOFC QCP IBKC Frontier Champ 2010- Private Equity Fund 2, a fund managed by Q Capital Partners Co., Ltd. on October 31, 2013. The debentures carry a coupon rate of 1% and yield to maturity of 5% and will mature on November 4, 2019. The debentures are convertible into registered common shares of the company at conversion price of KRW 5,569 per share. The conversion period will start on November 5, 2014 and end on November 3, 2019. The debentures have prohibition of denomination and merger for one year. The subscription date and payment date is November 4, 2013. The transaction was approved by board of directors of the company.
On November 4, 2013, Daewon Media Co., Ltd. closed the transaction.
Q Capital Partners Co., Ltd. is a Korea-based company mainly engaged in the venture investment business and provision of financial related services. The Company is involved in the venture investment business, which provides the investment and financing services for new technology operators; corporate restructuring business, which provides the investment, acquisition and normalization of financially distressed companies; mergers and acquisitions (M&A), which provides strategy to motivate and promote business expansions, as well as investment fund business, which maintains operational stability of funds and manages investment risks. On March 17, 2014, the Company announced that it sold entire shares of Onse Telecom Corp.
Q CAPITAL PARTNERS CO., LTD. 
