Ananti Inc. announced that it expects to receive KRW 30 billion in funding from Mirae Asset Capital Co,Ltd., Investment Arm, Korea Investment & Securities Co., Ltd., Investment Arm, BNK Securities Co., Ltd., Investment Arm, Leading Investment & Securities Co., Investment Arm and other investors
July 20, 2021
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Ananti Inc. announced a private placement of 5th unregistered coupon non-guaranteed private convertible bonds for gross proceeds of KRW 30,000,000,000 on July 21, 2021. The transaction will include participation from Renaissance Fund for KRW 5,000,000,000, A1 Fund for KRW 5,000,000,000, BNK Securities Co., Ltd., Investment Arm for KRW 3,000,000,000, existing investors Mirae Asset Capital Co,Ltd., Investment Arm for KRW 7,000,000,000, Korea Investment & Securities Co., Ltd., Investment Arm for KRW 5,000,000,000 and Leading Investment & Securities Co., Investment Arm for KRW 5,000,000,000. The bonds bear zero coupon and maturity rate of 1%. The bond would mature on July 28, 2024. The bonds will be 100% convertible into 3,143,994 common shares representing 3.55% stake at a fixed conversion price of KRW 9,542 per share from July 28, 2022 to June 28, 2024. The date of subscription is July 23, 2021 and payment date is July 28, 2021. The transaction has been approved by the board of directors of the company.
Ananti Inc, formerly Emerson Pacific Inc, is a Korea-based company mainly engaged in the golf course leisure business. The Company operates its business through two segments. The Resort Operation segment is mainly engaged in the operation of golf resorts such as Kumgang Ananti Golf and Spa Resort, Hilton Namhae Golf and Spa Resort and others, and golf course clubs such as Jung Ang Country Club, international management group (IMG) National Country Club and others. The Pre-sale segment is engaged in the resorts construction and pre-sale business.
Ananti Inc. announced that it expects to receive KRW 30 billion in funding from Mirae Asset Capital Co,Ltd., Investment Arm, Korea Investment & Securities Co., Ltd., Investment Arm, BNK Securities Co., Ltd., Investment Arm, Leading Investment & Securities Co., Investment Arm and other investors