Jin Young Co.,Ltd. announced a private placement of Series 2 Unregistered non-interest-bearing unsecured private convertible bonds of the company to raise gross proceeds of KRW 8,000,000,000 on April 6, 2026. The transaction includes participation from new and returning investors by Suseong KOSDAQ Venture SN4 General Private Investment Trust advised by Samsung Securities Co., Ltd. KRW 500,000,000, Suseong KOSDAQ Venture SN10 General Private Equity advised by Samsung Securities Co., Ltd. KRW 1,500,000,000, Suseong KOSDAQ Venture H3 General Private Investment Trust advised by Samsung Securities Co., Ltd. KRW 500,000,000, Suseong KOSDAQ Venture H1 General Private Investment Trust advised by Mirae Asset Securities Co., Ltd. KRW 500,000,000, Suseong KOSDAQ Venture H2 General Private Investment Trust advised by Shinhan Securities Co., Ltd. KRW 500,000,000, Suseong KOSDAQ Venture H4 General Private Investment Trust advised by NH Investment & Securities Co., Ltd. KRW 500,000,000 and other investors. The Bonds are 100% convertible into 4,186,289 common shares of the company at a conversion price value of KRW 1911 and carry interest rate of 0% and maturity interest rate of 0%.
The conversion billing period starts from April 14, 2027 to March 14, 2031. The transaction has been approved by the board of directors of the company. The transaction is subject to 1 year hold period.
The Bonds have a maturity date of April 14, 2031. The transaction is expected to close on April 14, 2026.
Jinyoung Co Ltd is a Korea-based company that mainly engages in commercial manpower supply and personnel management services. The Company is engaged in business support service businesses such as facility management, parking, beautification, prevention and disinfection management of buildings and others.
