Curo Co.,Ltd. announced that it expects to receive KRW 2 billion in funding
September 23, 2019
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GMR Materials Co., Ltd. (KOSDAQ:A032860) announced a private placement of series 10 unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 2,000,000,000 on September 24, 2019. The bonds being issued are 100% convertible into 2,496,878 shares of the company representing 1.87% of the total shares at a conversion price of KRW 801 per share starting September 25, 2020 till August 25, 2022. The payment date of the transaction is September 25, 2019. The transaction involved participation from Gwanggyo Development Co., Ltd for KRW 2,000,000,000. The transaction has been approved by the board of directors of the company.
CURO CO., LTD., formerly DAEKYUNG MACHINERY & ENGINEERING CO.,LTD., is a Korea-based company mainly engaged in the manufacture of chemical equipment. Along with its subsidiary, the Company operates its business through two divisions: chemical equipment division and energy division. Its chemical equipment division provides heat exchangers, columns, pressure vessels, reactors with agitators and others. Its energy division provides equipment for power plants, including heat recovery steam generators for combined cycle power plants, water tube boilers and waste heat boilers for cogeneration power plants, and water tube boilers and waste heat boilers for industrial and utility plants. The Company distributes its products within domestic market and to overseas markets.
KIB PLUG ENERGY CO., LTD. 