Gold Pacific Co., Ltd. announced that it expects to receive KRW 10 billion in funding
March 23, 2020
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Gold Pacific Co., Ltd. (KOSDAQ:A038530) announced a private placement of the 23rd series non-guaranteed, private equity convertible bond for proceeds of KRW 10,000,000,000 on March 24, 2020. The transaction will include participation from Safe Equity Fund for KRW 10,000,000,000. The bonds are issued at 0% coupon rate, 4% interest rate. The bonds are fully convertible into 5,685,048 shares at a fixed conversion price of KRW 1,759 per share from April 17, 2021 to March 17, 2023 and will mature on April 17, 2023. The transaction was approved by board of directors of the company. The payment date of the transaction will be April 17, 2020.
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. 
