Kodaco Co. Ltd. announced that it has received KRW 5 billion in funding from KDB Private Equity.
August 28, 2014
Share
Kodaco Co. Ltd. (KOSDAQ:A046070) announced a private placement of 10th unregistered/unsecured private convertible bonds for gross proceeds of KRW 5,000,000,000 with new investor, KDB Private Equity on August 29, 2014. The bonds have coupon rate of 1% and yield to maturity of 3.9%. The bonds will have lump-sum redemption of principal on maturity date for the bonds. The bonds will mature on August 29, 2019. The bonds will have a 100% conversion into common shares at KRW 2,690 per share. The conversion period will be from August 29, 2015 to August 28, 2019. The transaction has been approved by board of directors of the company.
On August 29, 2014, Kodaco Co. Ltd. closed the transaction.
KODACO Co., Ltd. is a Korea-based company engaged in the manufacture of automobile components. The Company operates its business through two divisions: automobile components division, which produces engine parts including throttle bodies, water pump housings, cooling fan housings, oil pumps, oil pans, balance shaft housings and others; transmission parts, such as valve bodies, solenoid valve housings, covers, extension housings, pistons and others; steering parts, such as rack housing subassemblies, steering columns, power steering pump bodies and valve housing subassemblies; compressor parts, such as compressor heads and cylinders, as well as other products, such as filter housings, and communications division, which provides wireless fidelity (WiFi) phones.
KODACO CO., LTD 
