Home Center Holdings Co., Ltd. announced that it expects to receive KRW 25 billion in funding from IBK Capital Corporation, KDB Capital Corp., Mirae Asset Daewoo Co.Ltd., Investment Arm, Hanyang Securities Co. Ltd., Investment Arm, Synergy Partners Co., Ltd., and other investors, and other investors
March 21, 2017
Share
Home Center Holdings Co., Ltd. (KOSDAQ:A060560) announced private placement of third series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 25 billion on March 22, 2017. New investors IBK Capital Corporation will invest KRW 1 billion, KDB Capital Corp. will invest KRW 3 billion, Mirae Asset Daewoo Co.Ltd, Investment Arm will invest KRW 2 billion, Hanyang Securities Co. Ltd., Investment Arm will invest KRW 5 billion, Synergy Partners Co., Ltd. will invest KRW 4.4 billon, GB Synergy Mezzanine Private Fund Investment Trust will invest KRW 4.4 billion, Yurie Synergy Mezzanine Private Fund will invest KRW 1.2 billion, NH Absolutely Return Hedge Fund 1 will invest KRW 5 billion, and NH Absolutely Return Hedge Fund 1 will invest KRW 3 billion in the transaction. The bonds will mature on March 24, 2020. The bonds will not bear any coupon rate and yield to maturity. The bonds are 100% convertible into 5,799,118 shares of the company at a fixed conversion price of KRW 4,311 per share from March 24, 2018 till February 24, 2020. The subscription date and payment date is March 24, 2017. The transaction has been approved by the board of directors.
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 25 billion in funding from IBK Capital Corporation, KDB Capital Corp., Mirae Asset Daewoo Co.Ltd., Investment Arm, Hanyang Securities Co. Ltd., Investment Arm, Synergy Partners Co., Ltd., and other investors, and other investors