Dayou AP Co.,Ltd. announced that it expects to receive KRW 10 billion in funding from DB Financial Investment Co., Ltd.
April 26, 2022
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Dayou AP Co.,Ltd. announced that a private placement of Series 7 Non-guaranteed Private convertible bonds for gross proceeds of KRW 10,000,000,000 on April 27, 2022. The transaction will included participation from DB Financial Investment Co., Ltd. The bonds carry coupon of 4.9% and have a yield to maturity of 4.9%. The bonds will mature on April 29, 2024. The bonds are 100% convertible at fixed conversion price of KRW 6,772 per share into 1,476,668 shares. The conversion period will start on April 29, 2023 and will end on March 29, 2024. The subscription date is April 29, 2022 and payment date is April 29, 2022. The transaction has been approved by board of directors of the company.
On July 29, 2022, the company announced that the bonds are 100% convertible at fixed conversion price of KRW 6,148 per share into 1,626,545 shares.
On October 29, 2022, the company announced that the bonds are 100% convertible at fixed conversion price of KRW 5,736 per share into 1,743,375 shares.
On January 29, 2023, the company announced that the bonds are 100% convertible at fixed conversion price of KRW 5,763 per share into 1,735,207 shares.
DH Autolead Co Ltd, formerly Dayou AP Co Ltd, is a Korea-based company principally engaged in the production and sale of steering wheels. The Company is engaged in the production and sale of leather and polyurethane (PU) steering handles and other products. In addition, the Company is engaged in the production and sale of steering wheel related accessories including horn caps and swithes.
DH AUTOLEAD CO.,LTD. 
