Asia Seed Co., Ltd. announced that it expects to receive KRW 5 billion in funding from NH Investment & Securities Co., Ltd., Mirae Asset Daewoo Co., Ltd., KB Securities Co., Ltd., Korea Investment & Securities Co., Ltd., Samsung Securities Co., Ltd.
December 20, 2020
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Asia Seed Co., Ltd. (KOSDAQ:A154030) announced a private placement of round 5 registered convertible bonds for gross proceeds of KRW 5,000,000,000 on December 21, 2020. The transaction will include participation from A-one Smart KOSDAQ Venture Specialized Private Equity Investment Trust, a fund managed by NH Investment & Securities Co., Ltd. (KOSE:A005940) for KRW 400,000,000, A1 Level-up KOSDAQ Venture Specialized Private Equity Investment Trust for KRW 150,000,000 and GV Mezz-V2 professional investment type private equity investment trust for KRW 500,000,000, funds managed by Mirae Asset Daewoo Co., Ltd. (KOSE:A006800), A-One Mezzanine Absolute Specialized Private Equity Investment Trust, A-One Mezzanine Plus Public Stock Specialized Investment Type Private Equity Investment Trust, and A-One Plus Alpha Kosdaq Venture, funds managed by KB Securities Co., Ltd. for KRW 2,450,000,000, Focus Super Rich Specialized Private Equity Investment Trust No. 4 and Focus TF-AP KOSDAQ Venture Specialized Private Equity Investment Trust No.
2, funds managed by Korea Investment & Securities Co., Ltd. for KRW 1,000,000,000, and GV Coben-Alpha professional investment type private equity investment trust, a fund managed by Samsung Securities Co., Ltd. (KOSE:A016360) for KRW 500,000,000. The bonds will not carry any interest and yield to maturity and matures on December 23, 2024. The bonds will be fully convertible into common shares at a conversion price of KRW 6,537 per share.
The conversion period of the bonds will be from December 23, 2021 to November 23, 2024. The subscription date is December 22, 2020 and the payment date is December 23, 2020. The transaction was approved by the board of directors of the company.
ASIA SEED Co.,LTD is a Korea-based company mainly engaged in the development, manufacture and sale of seeds and seedlings. The Company provides seeds and seedlings of white cabbages, red cabbages, broccolis, herbs, onions, cucumbers, corns, carrots, radishes, watermelons, tomatoes, hot peppers, eggplants, lettuces, beans, spinaches, shallots, muskmelons, pumpkins, fragrant flowered garlic, functional leafy vegetables as well as edible flowers, among others. In addition, it is involved in the provision of health care food, garden supplies and others. It also provides sprout cultivators. The Company distributes its products within domestic market and to overseas markets.
ASIA SEED CO.,LTD. 
