CKM Co., Ltd. announced that it expects to receive KRW 660.00031325 billion in funding from Kolmar Korea Co., Ltd.
April 12, 2018
Share
CKM Co., Ltd. announced a private placement of 951,651 common shares at a price of KRW 325,750 per share for KRW 310,000,313,250 and 1,093,750 redemption convertible preferred shares at a price of KRW 320,000 per share for KRW 350,000,000,000, for aggregate gross proceeds of KRW 660,000,313,250 on April 13, 2018. The transaction will include participation from Medica Holdings for 440,625 preferred shares, ODIN 10, LLC for 403,125 preferred shares, STIC Special Situation Healthcare PEF for 250,000 preferred shares, and existing investor, Kolmar Korea Co., Ltd. (KOSE:A161890) in the ratio of 55.2571 new shares for each existing share. Kolmar Korea Co., Ltd. (KOSE:A161890) will continue to hold 100% stake in the company upon closing. The transaction has been approved by board of directors of Kolmar Korea Co., Ltd. (KOSE:A161890). The transaction is expected to close on April 17, 2018 and scheduled deliver date of share certificate is April 18, 2018. The company reported total assets of KRW 121,149,566, total liabilities of KRW 41,141,447, net loss of KRW 186,844,275, and revenues of KRW 208,798,203 for the year ended December 31, 2017.
Kolmar Korea Co Ltd is a Korea-based company principally engaged in the manufacture and distribution of cosmetics. The Company operates its business through three segments. The Cosmetics segment is mainly engaged in the business of original development and design manufacturing (ODM) and original equipment manufacturing (OEM) of cosmetics including skin care, makeup, hair care, body care and others. The Pharmaceutical segment develops and manufactures pharmaceuticals and quasi-drugs including ointment creams, oral solutions, external preparations, and solid preparations. The Food segment is involved in the production and sale of health functional food. The Company is also involved in the rental business. The Company distributes its products in domestic and overseas markets.
KOLMAR KOREA CO., LTD. 
