Bokwang Industry 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., JB Woori Capital Co., Ltd, KB Securities Co., Ltd.
February 22, 2024
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Bokwang Industry 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., JB Woori Capital Co., Ltd and KB Securities Co., Ltd. The bonds will be 100% convertible into 3,758,691 shares at a conversion price of KRW 5,321 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.
BOKWANG INDUSTRY Co., Ltd. is a Korea-based company mainly engaged in the manufacture of construction aggregates. The Company's product portfolio consists of crushed aggregates for concrete including coarse crushed aggregates and fine crushed aggregates; mixed aggregates for road paving; crushed sands; recycled asphalt concretes; general asphalt concretes; ready mixed concretes which used for bridge, road, and building construction and others. The Company distributes its products within domestic market.
Bokwang Industry 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., JB Woori Capital Co., Ltd, KB Securities Co., Ltd.
BOKWANG INDUSTRY CO., LTD. 
