Daejoo Electronic Materials Co., Ltd. announced that it expects to receive KRW 40 billion in funding from DB Financial Investment Co., Ltd. and another investor
October 25, 2023
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Daejoo Electronic Materials Co., Ltd. announced a private placement to issue Series 6 New type of exchangeable bond with bearer-free interest non-guaranteed private placement for the gross proceeds of KRW 40,000,000,000 on October 26, 2023. The transaction will include participation from new investors DB Financial Investment Co., Ltd for KRW 20,000,000,000 and Next 1 Co., Ltd. for KRW 20,000,000,000. The bonds zero coupon rate and 2% maturity rate and matures on November 21, 2053.
The bonds are 100% convertible into 457,487 shares at a fixed conversion price of KRW 87,434 from November 21, 2023 to October 21, 2053. The securities are restricted to a hold period. The transaction has been approved by the shareholders of the company and is expected to close on November 21, 2023.
DB Financial Investment Co.,LTD., formerly Dongbu Securities CO., Ltd. is a Korea-based engaged in the financial investment business. The Company operates its business through five segments: retail segment, which provides stock, future and option brokerage services, online investment services, financial consulting services, integrated asset management services and others; investment banking segment, which provides underwriting services, investment services, consulting services and others; trading segment, which provides stock trading, bond trading and other financial related trading services, and wholesale segment, which engages in the sale of financial products. On March 28, 2013, the Company sold its entire shares of Dongbu Life Insurance Co., Ltd.
Daejoo Electronic Materials Co., Ltd. announced that it expects to receive KRW 40 billion in funding from DB Financial Investment Co., Ltd. and another investor
DB FINANCIAL INVESTMENT CO., LTD. 
