BYON Co., Ltd. announced that it expects to receive KRW 2 billion in funding
October 01, 2018
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BYON Co., Ltd. (KOSDAQ:A032980) announced a private placement of 35th series unregistered unguaranteed convertible bonds for gross proceeds of KRW 2,000,000,000 on October 2, 2018. The transaction will include participation from Wellbio Investment Fund 1 for KRW 1,500,000,000 and Networks Investment Fund 1 for KRW 500,000,000. The bonds carry 3% yield to maturity and do not carry any coupon. The bonds will mature on October 11, 2021. The bonds are 100% convertible at fixed conversion price of KRW 2,837 per share into 704,970 shares. The conversion period will start on October 11, 2019 and will end on September 11, 2021. The transaction has been approved by the board of directors of the company. The subscription date is October 2, 2018 and the payment date is October 11, 2018.
BYON Co., Ltd., formerly Polyvision Co., Ltd is a Korea-based company primarily engaged in the manufacture and distribution of industrial materials. The Company operates its business through three segments. Its Industrial Material segment manufactures tarpaulins, banner flexes and polyvinyl chloride (PVC) flooring materials, which are used for truck covers, roof covers, billboards, flags, container bags and house decoration tiles. Its Overseas Resources Development segment explores copper and molybdenum. Its Bio Medical segment sells medicines and medical equipment. The Company distributes its products within domestic market and to overseas markets.
BYON CO., LTD. 