Eagon Industrial Co., Ltd. announced that it expects to receive KRW 15 billion in funding from Polaris No.5 Private EquityFund
June 26, 2017
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Eagon Industrial Co., Ltd. (KOSE:A008250) announced a private placement of 64th series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 15,000,000,000 on June 27, 2017. The transaction will include participation from new investor, Polaris No.5 Private EquityFund. The bonds will be issued at par and does not carry any coupon. The bonds will have yield to maturity of 1% and would mature on June 28, 2022. The bonds will be fully convertible into 1,415,094 shares of the company at a fixed conversion price of KRW 10,600 between the period of June 28, 2018 to May 28, 2022. The subscription and the payment date is June 28, 2017. The transaction has been approved by the board of directors of the company.
EAGON INDUSTRIAL CO.,LTD. is a Korea-based company principally engaged in the manufacture of plywood products. The Company operates in three segments: lumber, plantation and energy. The lumber segment produces plywood and building materials such as plywood floorings, structural wood, engineering wood, boards and others used for furniture as well as construction interior and exterior materials. The plantation segment provides hardwood and veneers through its subsidiaries in Solomon Islands. The energy segment engages in the steam supply and power generation business providing vapor and electricity through its subsidiary Eagon Energy Co., Ltd. It also produces and markets wood pallets. The Company supplies its products within domestic market and to overseas markets.
EAGON INDUSTRIAL CO., LTD. 
