Wonpung Mulsan Co. Ltd. announced that it has received KRW 3 billion in funding from Dongbu Securities Co., Ltd., Investment Arm and ASAM Investment Advisory Company Limited.
November 27, 2014 at 12:00 am
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Wonpung Mulsan Co. Ltd. (KOSDAQ:A008290) announced a private placement of 17th unregistered unsecured private convertible bonds for gross proceeds of KRW 3,000,000,000 on November 26, 2014. The transaction will include participation from Dongbu Securities Co., Ltd., Investment Arm and ASAM Investment Advisory Company Limited for KRW 2,700,000,000 and KRW 300,000,000 respectively. The bonds will mature on November 27, 2018. The bonds will have yield to maturity of 5% per annum and coupon rate of 5% per annum. The bonds will be convertible into common shares of the company at a conversion price of KRW 2,495 per share. The conversion period will start from November 27, 2015 and will end on October 27, 2018.
On November 27, 2014, Wonpung Mulsan Co. Ltd. closed the transaction.
WONPUNG MULSAN CO.,LTD is a Korea-based company engaged in the manufacture and sale of men's wear. The Company provides menâs lounge suits under the brand name UNGARO HOMME and KINLOCH ANDERSON, which are imported brands, as well as menâs jackets and other wear under the brand name BOSTON MANOR, its own brand. It also provides Kinloch2, an imported casual apparel brand. The Company distributes its products through department stores, sales agencies, direct management stores and home shopping channels. It also provides delivery services. The Company distributes its products within domestic market and to overseas markets.
Wonpung Mulsan Co. Ltd. announced that it has received KRW 3 billion in funding from Dongbu Securities Co., Ltd., Investment Arm and ASAM Investment Advisory Company Limited.
WONPUNG MULSAN CO.,LTD 
