Dragonfly GF Co., Ltd announced that it expects to receive KRW 10 billion in funding from Susung Asset Management Co., Ltd., With Investment Co., Ltd., NH Investment & Securities Co., Ltd., Investment Arm, Synergy Partners Co., Ltd., and another investor.
April 07, 2015
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Dragonfly GF Co., Ltd (KOSDAQ:A030350) announced a private placement of 13 unregistered coupon unsecured private convertible bonds for gross proceeds of KRW 10,000,000,000 on April 8, 2015. Synergy Partners Co., Ltd. will invest KRW 6,000,000,000. NH Investment & Securities Co., Ltd., Investment Arm, With Investment Co., Ltd., History Investment Co., Ltd., and Susung Asset Management Co., Ltd. each will invest KRW 1,000,000,000 respectively.
The bonds will have a fixed coupon rate of 0% and will have a yield to maturity of 2%. The bonds will mature on October 13, 2019. The bonds will be issued at its par value.
The bonds will have a 100% conversion rate and will be convertible into common shares at a fixed conversion price of KRW 11,950 per share. The conversion period will be from April 14, 2016 to September 13, 2019. The subscription date will be on April 10, 2015.
The payment date will be on April 13, 2015. The board of directors of the company approved the transaction.
Dragonfly GF Co., Ltd. is a Korea-based company engaged in the development and distribution of game software. The Company develops and distributes online game and computer game software, including first-person shooter (FPS) games, massively multiplayer online role-playing games (MMORPGs), casual games and others, such as Special Force, Soldier of fortune online, Quake Wars online, KARMA and KARMA online, VAAN online, Kingdom under fire online, The tour of duty, Valpurgis night, Anpan man and Anpan man 2 and others. It also provides mobile games, such as Special force net, Special force defence, Speed scandal for Kakao and others. The Company provides online game services within domestic market and to overseas markets, including China, Japan, America, Taiwan, Thailand, Philippines, Vietnam, Europe and others. It also provides Internet-based advertising services.
Dragonfly GF Co., Ltd announced that it expects to receive KRW 10 billion in funding from Susung Asset Management Co., Ltd., With Investment Co., Ltd., NH Investment & Securities Co., Ltd., Investment Arm, Synergy Partners Co., Ltd., and another investor.
DRAGONFLY GF CO., LTD 
