Ecoplastic Corporation announced that it expects to receive KRW 13 billion in funding from KTB Asset Management Co., Ltd, KDB Capital Corporation, Investment Arm, Shinhan Capital, Investment Arm, Acuon Capital Corporation, Investment Arm
June 24, 2013
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Ecoplastic Corporation (KOSDAQ:A038110) announced a private placement of 1st tranche unregistered unguaranteed private bonds with detachable warrants for gross proceeds of KRW 13,000,000,000 on June 25, 2013. The transaction will include participation from Shinhan Capital, Investment Arm, KTB Asset Management Co., Ltd, KDB Capital Corporation Investment Arm, will invest for KRW 3,000,000,000 each, NH Investment & Securities Co., Ltd., Investment Arm, and Acuon Capital Corporation, Investment Arm will invest for KRW 2,000,000,000 each. The bonds are not carrying any coupon and yield to maturity of 1.5%. The bond would mature on June 26, 2018. Each warrant will exercise at KRW 2,078 per share. The exercise of warrants will start on June 26, 2014 and end on May 26, 2018. The transaction is expected to close on June 26, 2013. The transaction has been approved by the board of directors of the company.
On March 26, 2018, the company announced that it has changed the exercise price of warrants to KRW 1,850.
Ecoplastic Corporation is a Korea-based company principally engaged in the manufacturing of plastic automobile parts. The Companyâs products portfolio consists of bumpers; main cores used as boards to install dashboards and audio systems; consoles used as storage boxes; metal molds used for plastic shaping, as well as plastic wrap covers. It also produces plastic and rubber automobile parts including mounts, dampers, lower arms, spring pads, hoses, rear beams, hoods, glass runs, weather strips, under body skid plates, side sills, wheel covers and others through its subsidiaries. The Companyâs main clients are Hyundai Motor, Hyundai MOBIS and KIA Motors. The Company distributes its products within domestic market and to overseas markets.
Ecoplastic Corporation announced that it expects to receive KRW 13 billion in funding from KTB Asset Management Co., Ltd, KDB Capital Corporation, Investment Arm, Shinhan Capital, Investment Arm, Acuon Capital Corporation, Investment Arm
ECOPLASTIC CORPORATION 
