(Ltd) CK Company announced that it has received KRW 1 billion in funding from Smark Co.,Ltd
November 20, 2017
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(Ltd) CK Company announced a private placement of bonds for gross proceeds of KRW 1,000,000,000 to Smark Co.,Ltd (KOSDAQ:A030270) on November 21, 2017. The company issued one, first registered convertible bond for gross proceeds of KRW 1,000,000,000. Each bond will mature on November 21, 2020. Each bond will be issued at par. Each bond will have a fixed coupon of 2% per annum and yield to maturity of 4%. Each bond will be 100% convertible into common shares of the company at fixed conversion price of KRW 873 per share from November 21, 2018 to November 20, 2020. The payment date is November 21, 2017. The board of directors of the company approved the transaction.
SMARK CO., LTD, formerly KAHEE CO., LTD is a Korea-based company engaged in the manufacture and distribution of yarns. The Company produces cotton yarns, combed cotton yarns, blended yarns, slub yarns, core yarns and compact yarns for knitting, weaving and industrial uses. It also provides ring combed cotton yarns, ring slub yarns, stretch core spun yarns and others. The Company operates Gaju mills and Sinni mills with open ended spinners, which are also known as air spinnings, as well as ring spinners. The Company distributes its products within domestic market and to overseas markets.
KAHEE CO., LTD. 
