HYUNGJI Innovation and Creative Company Limited announced that it expects to receive KRW 7 billion in funding from Synergy IB Investment Co., Ltd. and other investors
September 10, 2018
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HYUNGJI Innovation and Creative Company Limited (KOSDAQ:A011080) announced a private placement of 3rd series unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 7,000,000,000 on September 11, 2018. The transaction will involve participation from new investors including Golden Bridge Asset Management Trust for KRW 4,000,000,000, Key West Global Investment Trust, Synergy - Hanwha Mezzanine 8th New Technology Fund, Synergy - Hanwha Mezzanine 9th New Technology Fund, Synergy - Hanwha Mezzanine 11th New Technology Fund, Synergy - Hanwha Mezzanine 12th New Technology Fund, and Synergy IB Investment Co., Ltd. for KRW 500,000,000 each. The bonds will be fully convertible into common shares of the company at a fixed conversion price of KRW 1,050 per share between September 13, 2019 and August 13, 2021. The bonds will have a yield to maturity of 2%. The transaction has been approved by the board of directors of the company. The transaction is expected to close on September 13, 2018.
HYUNGJI Innovation and Creative Company Limited, formerly WOOSUNG INNOVATION & CREATIVE Co.,Ltd is a Korea-based company engaged in the manufacture and marketing of menâs apparels. The Company has four principal brands: YEZAC, which is a luxury styling dress shirt brand targeting customers in their twenties to forties; LANVIN, which is a licensed brand targeting customers in their twenties to fifties; BON, a casual brand targeting consumers in twenties and thirties, and BON-g.floor, a casual brand targeting consumers in twenties. The Company distributes its products through department stores, sales agencies and discount stores. On Aril 30, 2014, it merged with Emoda,Co.,Ltd., which is engaged in the manufacture and distribution of women garments.
HYUNGJI Innovation and Creative Company Limited announced that it expects to receive KRW 7 billion in funding from Synergy IB Investment Co., Ltd. and other investors
HYUNGJI INNOVATION & CREATIVE CO.,LTD 
