Playgram Co., Ltd. announced that it expects to receive KRW 10 billion in funding
September 08, 2021
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NK Mulsan CO., LTD. announced a private placement of series 31 non-guaranteed private convertible bonds with bearer type interest part for a gross proceeds of KRW 10,000,000,000 on September 9, 2021. The transaction will include participation from new investor High Value Life Science No.1 Investment Association. The bonds have a coupon rate of 0% and yield to maturity of 2%. The bonds will mature on November 1, 2024. The bonds will be 100% converted into 10,111,223 common shares at a fixed conversion price of KRW 989 per share for an equity stake of 11.29%. The conversion period is from November 1, 2022 to October 1, 2024. The payment date of the transaction is November 12, 2021. The transaction has been approved by the board of directors of the company. The bond issued at par.
PlayGram Co Ltd formerly NK Mulsan Co Ltd is a Korea-based company principally engaged in the provision of corporate integrated purchasing agency services. The Company operates its business through two segments. The Maintenance Repair Operations (MRO) segment is engaged in the supply of subsidiary materials, maintenance materials, packaging and logistics materials, as well as research materials for business site operation. The Video Content Business segment is engaged in the planning, production and distribution of broadcast programs and performances.
PLAYGRAM CO., LTD. 
