Gold Pacific Co., Ltd. announced that it expects to receive KRW 10 billion in funding
January 18, 2021
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Gold Pacific Co., Ltd. (KOSDAQ:A038530) announced a private placement of series 25 unregistered non-guaranteed private equity bond with warrants for gross proceeds of KRW 10,000,000,000 on January 19, 2021. The transaction will include participation from Macrona Fund for 7,000,000,000 bonds and individual investor Kim Hooseong for 3,000,000,000. The bonds bear a fixed coupon rate of 1% and interest rate to maturity of 1%. The bonds will mature on February 2, 2024. The bonds are 100% convertible at a fixed conversion price of KRW 1,571 per share into 6,365,372 shares from February 2, 2022 to January 2, 2024. The subscription date of the bonds is January 21, 2021 and the payment date if February 2, 2021.
KBio Company Inc, formerly Gold Pacific Co Ltd, is a Korea-based company primarily engaged in the bio distribution business. The Company operates its business through three segments. The Bio Distribution segment is engaged in the supply of research reagents and consumables to each customer through hospitals, universities, research institutes, and dealers. The Fashion segment is engaged in the production and sale of products such as handmade leather goods, clothing, and accessories. The Other segment is engaged in the fashion promotion business and other businesses.
KBIO COMPANY INC. 
