Ace Technologies Corp. announced that it expects to receive KRW 35 billion in funding from SUSUNG ASSET MANAGEMENT Co., Ltd., Tiger Investment Advisory Co.,Ltd., A One Asset Management Co., Ltd, GVA Asset Management Co., Ltd., Kiwoom Securities Co., Ltd., EBEST Investment & Securities Co., Ltd.
May 21, 2020
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Ace Technologies Corp. (KOSDAQ:A088800) as announced a private placement of KRW 35,000,000,000 in a round of funding on May 22, 2020. The company issued round 34 unregistered coupon non-guaranteed private convertible bond in the transaction.
The conversion ratio is 100% at price of KRW 8,825 of 3,965,993 shares, the starting date is May 26, 2021 and closing date April 26, 2023 for the shares. The transaction included participation from A One Asset Management Co., Ltd KRW 3,000,000,000, Tiger Investment Advisory Co., Ltd for KRW 6000,000,000, NH Hedge Co., Ltd. for KRW 2,000,000,000, SUSUNG ASSET MANAGEMENT Co., Ltd for 2000,000,000, GVA Asset Management Co., Ltd. for 4000,000, 0000, Kiwoom Securities Co., Ltd. (KOSE:A039490) for KRW 10,000,000,000, EBEST Investment & Securities Co., Ltd. (KOSDAQ:A078020) for KRW 2,000,000,000, IBK Financial Group Synergy Ivy Mezzanine New Technology Fund for KRW 2,000,000,000, Synergy Mezzanine Blind New Technology Fund 4 for KRW 500,000,000, Synergy Mezzanine Blind New Technology Fund 5 for KRW 500,000,000, Woodong Han for KRW . Th1,000,000,000, Namsoon Kim for KRW 500,000,000, In-Geun Jang for 500,000,000, Hyunman Do for KRW 500,000,000, Jaeil Han for KRW 500,000,000.
The transaction is expected to close on May 26, 2020. The transaction has been approved by board.
EBEST INVESTMENT & SECURITIES Co., Ltd., formerly E*TRADE Korea Co., Ltd, is a Korea-based company specialized in the provision of financial services. The Company is mainly engaged in the brokerage, dealing and underwriting of securities businesses, covering stocks, options, futures, government bonds, corporate bonds, foreign securities and financial derivatives products. It also involves in proprietary trading business, and provides consulting services. On March 8, 2013, 3Nod Digital Group Co., Ltd. announced that the Company had sold its entire 6.63% skake in 3Nod Digital Group Co., Ltd.
EBEST INVESTMENT & SECURITIES CO., LTD. 
