Hurum Co., Ltd. announced that it expects to receive KRW 11 billion in funding
May 08, 2022
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Hurum Co., Ltd. announced a private placement of round 2 non-guaranteed private placement convertible bonds for proceeds of KRW 11,000,000,000 on May 9, 2022. The transaction has been approved by the board of directors. The bond will mature on May 11, 2027. The bonds will convert into 5,829,358 common shares at a conversion price of KRW 1,887. The conversion period will start from May 11, 2023 and end on April 11, 2027. The bond will be issued at 0% coupon rate. The subscription date of the transaction is May 11, 2022 and payment date is May 11, 2022. The bonds are subject to hold period of one year. The transaction will include participation from NH Investment & Securities Co. , Ltd. acting as trustee for Orion Mezzanine KOSDAQ Venture General Private Equity Trust No. 64, Orion Luxury KOSDAQ Venture General Private Equity Trust No. 65, Orion Luxury KOSDAQ Venture General Private Equity Trust No. 67, Orion Luxury KOSDAQ Venture General Private Equity Trust No. 53, Orion The banks 2 General Private Equity Trust; Korea Securities Finance Corporation acting as trustee for C Square The banks 3 General Private Equity Investment Trust, JC Asset KOSDAQ Venture General Private Equity Trust No.4, JC Asset KOSDAQ Venture General Private Equity Trust No. 5, JC Asset KOSDAQ Venture General Private Equity Trust No.8; and Korea Investment & Securities Co. , Ltd. acting as trustee for Astra KOSDAQ Venture General Private Equity Trust No. 5. and Astra KOSDAQ Venture General Private Equity Trust No.6.
Hurum Co Ltd is a company principally engaged in the research, manufacture and distribution of health functional foods. The Company's products include lactobacillus, yogurt and bio based health functional foods. The Company distributes its products under the brand of yogurberry, TruLAC and Imyo. The Company distributes its products within domestic market and to overseas markets. The Company was founded in August 2005 and is located in Seoul, South Korea.