Home Center Holdings Co.,Ltd announced that it expects to receive KRW 20 billion in funding from Mirae Asset Securities Co., Ltd., Samsung Securities Co., Ltd., NH Investment & Securities Co., Ltd., Hana Bank Co., Ltd., KB Securities Co., Ltd.
February 22, 2024
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Home Center Holdings Co.,Ltd announced a private placement to issue Series 4 Bearer Unsecured Private Placement Convertible Bonds for the gross proceeds of KRW 20,000,000,000 on February 23. 2024. The transaction will include participation from new investors such as Mirae Asset Securities Co., Ltd., Samsung Securities Co., Ltd., NH Investment & Securities Co., Ltd., Hana Bank Co., Ltd. and KB Securities Co., Ltd. The bonds will be 100% convertible into 16,906,170 shares at a conversion price of KRW 1,183 in a period starting from February 27, 2025 and ending on January 27, 2029.
The bonds will mature on February 27, 2029. The transaction is expected to close on February 27, 2024. The transaction has been approved by the board of directors of the company.
Home Center Holdings Co.,Ltd, formerly Home Center Co., Ltd, is a Korea-based Company principally engaged in the manufacture and distribution of construction materials. The Company mainly produces construction materials, such as tiles, washstands, sinks, ready mixed concrete and other related products. The Company is also engaged in the construction of ventilation equipment, heating and cooling facilities, kitchen and sanitary and other related facilities. The Company is also engaged in the construction of leisure sports related equipment, including fitness centers, swimming pools, saunas and others.
Home Center Holdings Co.,Ltd announced that it expects to receive KRW 20 billion in funding from Mirae Asset Securities Co., Ltd., Samsung Securities Co., Ltd., NH Investment & Securities Co., Ltd., Hana Bank Co., Ltd., KB Securities Co., Ltd.