Hanshin Engineering & Construction Co. Ltd. announced that it expects to receive KRW 28 billion in funding from a group of investors
August 16, 2015
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Hanshin Engineering & Construction Co. Ltd. (KOSE:A004960) announced a private placement of 20th unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 28,000,000,000 on August 17, 2015. The transaction will include participation from Korea Securities Finance Corporation for KRW 10,000,000,000, History investment Co., Ltd. for KRW 6,000,000,000, NH Investment & Securities Co., Ltd. for KRW 3,000,000,000, and four other investors. The bonds will be issued at par. The bonds will mature on August 19, 2018, with yield to maturity of 4% and annual fixed coupon of 1.5%. The bonds are 100% convertible into common shares of the company at a fixed conversion price of KRW 23,450 per share and a conversion period from August 19, 2016 to July 19, 2018. The transaction has been approved by the board of directors of the company. The subscription and payment date of the transaction is August 19, 2015.
On September 21, 2015, the company announced that the conversion price has been changed to KRW 19,850 per share.
HANSHIN Engineering & Construction Co., Ltd. is a Korea-based company mainly engaged in the construction business. The Company operates its business through four segments. Architecture Segment is mainly engaged in the construction of residential buildings, office building, cultural facilities and others. The Civil Engineering Segment is mainly engaged in the construction of highways, railroads, roads, bridges, harbors, tunnels, subways and others. The Oversea Segment is mainly engaged in the overseas construction works. Other Segments is mainly engaged in the business of commercial lending, food manufacturing, financing and overseas investment.
HANSHIN ENGINEERING & CONSTRUCTION CO., LTD. 
