JS Corporation announced that it expects to receive KRW 20 billion in funding from SUSUNG ASSET MANAGEMENT Co., Ltd., and other investors
August 25, 2021
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JS Corporation announced a private placement of series 2 unregistered coupon nonguaranteed private convertible bond for gross proceeds of KRW 20,000,000,000 on August 26, 2021. The transaction will include participation of new investors SUSUNG ASSET MANAGEMENT Co., Ltd. in the position of discretionary investment business entity will invest KRW 4,000,000,000,Shinhan Financial Investment Co., Ltd. in the position of trustee of Fund 1 in this case will invest KRW 700,000,000, Korea Investment & Securities Co., Ltd. in the position of trustee of Fund 2 in this case will invest KRW 500,000,000, Korea Investment & Securities Co., Ltd. in the position of trustee in Fund 3 will invest KRW 500,000,000, KB Securities Co., Ltd. in the position of a trustee in Fund 4 will invest KRW 1,700,000,000, KB Securities Co., Ltd. in the position of trustee of Fund 5 in this case will invest KRW 800,000,000, KB Securities Co., Ltd. in the trust business position of Fund 6 will invest KRW 800,000,000, KB Securities Co., Ltd. in the position of trustee of Fund 7 will invest KRW 500,000,000, Samsung Securities Co., Ltd. in the position of a trustee of Fund 8 in this case will invest KRW 9,500,000,000, and Ace SUSUNG New Technology Fund 14 will invest KRW 1,000,000,000. The coupon rate and maturity rate is 0%. The bond maturity date is September 2, 2026. The bonds will be converted into 910,912 shares comprises 6.83% at the conversion price of KRW 21,956 per share. The payment date is September 2, 2021. The transaction has been approved by the board of directors of the company.
JS Corporation is a Korea-based company primarily engaged in the manufacture and distribution of fashion products. The Company provides handbags under the brands of BURBERRY, KATE SPADE, GUESS, MICHAEL KORS, DKNY, HENRI BENDEL, RALPH LAUREN and EVERLANE as well as handbag materials. In addition, the Company also involves in the real estate leasing business. The Company distributes its products within domestic market and to overseas markets. The Company merged its subsidiary CHO LTD. on September 30, 2014.
JS CORPORATION 
