Cosmo Chemical Co., Ltd. announced that it expects to receive KRW 23 billion in funding from Korea Investment & Securities Co., Ltd., Investment Arm, NH Investment & Securities Co., Ltd., Investment Arm, KTB Investment & Securities Co., Ltd., Meritz Securities Co., Ltd., Investment Arm, Mirae Asset Daewoo Co., Ltd., Investment Arm, and other investors
September 13, 2018
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Cosmo Chemical Co., Ltd. (KOSE:A005420) announced a private placement of 23rd series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 23,000,000,000 on September 14, 2018. The transaction will include participation from Zenitas No. 1 New Technology Fund for KRW 5,000,000,000, Synergy - Shinhan Mezzanine New Technology Funds for KRW 3,000,000,000, Shinhan Financial Investment Co., Ltd. (AI), Shinhan Financial Investment Co., Ltd. (PI), fund 1 and fund 2 , managed by Mirae Asset Daewoo Co., Ltd., Investment Arm, NH Investment & Securities Co., Ltd., Investment Arm for KRW 2,000,000,000 each respectively, Meritz Securities Co., Ltd., Investment Arm, KTB Investment & Securities Co., Ltd. (KOSE:A030210) for KRW 1,000,000 each respectively, and Korea Investment & Securities Co., Ltd., Investment Arm for KRW 3,000,000,000.
The bonds will not carry any coupon and yield to maturity. The bond would mature on September 21, 2023. The bonds are convertible into 1,281,337 shares representing 7.6% stake at a fixed conversion price of KRW 17,950 per share.
The conversion period will start on September 21, 2019 and end on August 21, 2023. The transaction is expected to close on September 21, 2018. The transaction has been approved by the board of directors of the company.
COSMO CHEMICAL CO., LTD. is a Korea-based company mainly engaged in the manufacture of titanium dioxides. The Company produces titanium dioxides, which are used in rubbers, papers, resins, paints, bricks, electronic components, multi layer ceramic capacitors (MLCCs), catalysts and others under the brand name COTIOX KA-100 and COTIOX KA- 300. It also provides cobalt sulfates, including liquid cobalt sulfates, solid cobalt sulfates and cathode coppers, which are used for secondary lithium batteries, paint desiccants, cobalt pigments, tire bonds, electricity and communication cables, construction materials and others; water treatment agents, such as ferrous sulfates, poly ferric sulfates, liquid ferrous sulfates, gypsums and others, which are used in wastewater treatment agents, construction materials and other industries. The Company distributes its products within domestic market and to overseas markets.
COSMO CHEMICAL CO., LTD. 
