DAE YOUNG Packaging.Co., Ltd. announced that it expects to receive KRW 30 billion in funding
August 12, 2021
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DAE YOUNG Packaging.Co., Ltd. announced a private placement of series 26 unregistered coupon nonguaranteed private convertible bond for gross proceeds of KRW 30,000,000,000 on August 13, 2021. The transaction will involved participation from SW Fine Value New Technology Association 1 for KRW 23,000,000,000, Brain BufferedBottomOpenTop Mezzanine Hedge Fund 1 for KRW 5,000,000,000, and Fine Value Mezzanine Plus Private Fund Investment Trust [Bond Balanced for KRW 2,000,000,000. The bond will hold zero coupon and maturity rate. The bonds maturity date is August 18, 2024. The bonds are fully convertible into 9,219,422 shares at a conversion price of KRW 3,254 per share for 7.84% stake in the company. The conversion period starts on August 18, 2022 and ends on July 18, 2024. The payment date is Augsut 18, 2021. The bonds to be issued will have a hold period of one year, post the closing.
DAE YOUNG Packaging.Co., Ltd. is a Korea-based company principally engaged in the manufacturing and distributing of corrugated cardboards and boxes. The Company's product portfolio consists of base paper of corrugated cardboards, such as middle paper, reverse side paper and surface paper; corrugated cardboards and boxes, including single faced corrugated fiberboards, double faced corrugated fiberboards, double wall corrugated fiberboards, triple wall corrugated fiberboards and others, which are used as buffer materials, packing boxes and others, and byproducts. The Company distributes its products within domestic market and to overseas markets.
DAE YOUNG PACKAGING.CO., LTD. 
