Danal Co., Ltd. announced that it expects to receive KRW 35 billion in funding from SUSUNG ASSET MANAGEMENT Co., Ltd.
July 20, 2021
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Danal Co., Ltd. announced a private placement of 7th series of bearer type non-guaranteed private placement non-separable bond with warrants for gross proceeds of KRW 35,000,000,000 on July 21, 2021. The transaction will include participation from Daishin-Newgen New Technology Fund No. 1 for KRW 15,000,000,000, SUSUNG ASSET MANAGEMENT Co., Ltd. for KRW 3,000,000,000, Suseong The banks 1 Specialized Investment Criminal Investment Trust for KRW 1,000,000,000, Suseong KOSDAQ Venture B4 Professional Investment Criminal Equity Trust for KRW 1,300,000,000, Suseong KOSDAQ Venture B6 Specialized Investment Criminal Investment Trust for KRW 1,000,000,000, Suseong KOSDAQ Venture B7 Professional Investment Criminal Equity Trust for KRW 1,000,000,000, Suseong KOSDAQ Venture Project B10 Specialized Investment Criminal Investment Trust for KRW 6,700,000,000, Shinyoung Plan Up KOSDAQ Venture Public Offering (Suseong Advisory) Specialized Investment Criminal Equity Investment Trust for KRW 1,000,000,000, GB Fortress-A Professional Investment Criminal Investment Trust and GB A Saber-V Professional Investment Criminal Investment Trust for KRW 1,600,000,000, GBA Coven-K Professional Investment Criminal Investment Trust for KRW 800,000,000, GBA Coben-Alpha Professional Investment Criminal Investment Trust and GBA COBEN-M Professional Investment Detective Investment Trust for KRW 600,000,000, B&B IPO Venture Specialized Investment Type Private Equity Investment Trust No. 4 for KRW 1,000,000,000 and BNB IPO Venture M Professional Investment Type Private Equity Investment Trust No. 1 for KRW 1,000,000,000. The bond carries no interest rate and will mature on July 23, 2026. The company will also issue warrants and exercise period starts from July 23, 2022 and ends on July 22, 2026. The transaction was approved by the board of directors of the company. The transaction is expected to close on July 23, 2021. The securities to be issued will have a lock up period of one year.
DANAL Co., Ltd. is a Korea-based company mainly engaged in the provision of online payment services. The Companyâs activities include commerce business, which provides online payment services for purchasing games, music, movies and other contents using mobile phones and fixed phones; game business, which engages in the publishing of online games; contents business, which provides entertainment contents, such as ringtones, ring back tones, celebrity pictures, celebrity blogs and mobile horoscopes, and wireless download services of multimedia contents. In addition, the Company engages in the Internet advertising business and travel business. The Companyâs stake in the PAN Entertainment Co., Ltd decreased to 0%.