Ezwelfare Co.,Ltd. announced that it expects to receive KRW 11 billion in funding from Korea Investment & Securities Co., Ltd.
July 12, 2017
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EZwelfare Company Ltd. (KOSDAQ:A090850) announced a private placement of 1st series unregistered and unsecured private convertible bonds for gross proceeds of KRW 11,000,000,000 on July 13, 2017. The transaction involves the participation of Korea Investment & Securities Co., Ltd. The bonds have zero coupon, yield to maturity 0 percent and will mature on July 14, 2022. The bonds can be 100% converted into 1,447,368 common shares of the company at a fixed conversion price of KRW 7,600 per share from July 14,2018 to June 12, 2022. The subscription and payment date for the transaction is July 14, 2017 and July 14, 2017.
Hyundai Ezwel Co Ltd, formerly Ezwel Co Ltd, is a Korea-based company primarily engaged in the provision of welfare services. The Company conducts businesses related to corporate and social welfare services such as selective welfare, welfare packages, and public welfare services. In addition, the Company, along with its subsidiaries, is involved in the development and consultation of software related to selective welfare projects, the operation of e-commerce, the provision of comprehensive medical information and employee assistance programs (EAPs), mental health care services, and travel tourism services. In addition, the Company is engaged in investments and the business of real estate construction and rental.
HYUNDAI EZWEL CO.,LTD. 
