Estechpharma Co. Ltd. announced that it expects to receive KRW 4 billion in funding.
April 06, 2012 at 12:00 am EDT
Estechpharma Co. Ltd. (KOSE:A041910) announced a private placement of series no. 5 bonds for gross proceeds of KRW 4,000,000,000 on April 6, 2012. The bonds will mature on April 10, 2017. The company will also issue detachable warrants in the transaction. The warrants can be exercised into company's common shares at KRW 10,050 per share for aperiod commencing on April 10, 2013 and expiring on March 10, 2017. On the same day, the board of directors of the company approved the transaction. The subscription date and the payment date for the transaction are April 10, 2012.