Genic Co., Ltd. announced that it has received KRW 5 billion in funding from Soulbrain Co.,Ltd.
January 09, 2017
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Genic Co., Ltd. (KOSDAQ:A123330) announced private placement of third series unregistered and unsecured private convertible bonds for gross proceeds of KRW 5,000,000,000 on January 10, 2017. The transaction includes participations from Soulbrain Co.,Ltd. (KOSDAQ:A036830) for KRW 5,000,000,000. The bonds issued will mature on January 10, 2020. The bonds will carry coupon rate of 1% and yield to maturity is 2%. The bonds are convertible into common shares of the company at fixed conversion price of KRW 14,583 per share and conversion ratio is 100%. The conversion period for the bonds is January 10, 2018 to January 09, 2020. The subscription date for bonds is January 10, 2017. The transaction got approval from board of directors on January 10, 2017.
On March 24, 2017, the company announced that the bonds will be convertible at a fixed conversion price of KRW 13,889 per share. The company will now convert 359,997 shares instead of 342,864 shares.
On April 10, 2017, the company announced that the bonds will be convertible at a fixed conversion price of KRW 12,791 per share.
On July 10, 2017, the company announced that the bonds will be convertible at a fixed conversion price of KRW 12,607 per share.
On October 10, 2017, the company announced that the bonds will be convertible at a fixed conversion price of KRW 10,631 per share.
On March 22, 2018, the company announced that the bonds will be convertible at a fixed conversion price of KRW 10,525 per share.
GENIC Co., Ltd is a Korea-based company engaged in the manufacture of cosmetic products. The Companyâs products consist of gel masks, essence masks, gel eye patches, self-heating masks, cleaners, basics and other skin care products, makeup products, hair care products, perfumes, as well as men cosmetics, body care products and manicures. The Company markets its products under the brand names of Cel-Derma, Lasante, Puretree and others. The Company distributes its products within domestic market and to overseas markets.
GENIC CO., LTD. 
