Seouleaguer Co., Ltd. announced that it expects to receive KRW 13 billion in funding from Seouleaguer Cosmetics Co Ltd and other investors
December 06, 2018
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Seouleaguer Co., Ltd. (KOSDAQ:A043710) announced a private placement of round 3 unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 13,000,000,000 on December 7, 2018. The bonds are 100% convertible into 5,078,125 common shares at a conversion price of KRW 2,560, representing 20.22% stake in the company from December 27, 2019 to November 26, 2021. The bonds will mature on December 27, 2018. The subscription date will be December 10, 2018. The payment date will be December 27, 2018. The bonds do not carry any coupon. The transaction has been approved by the board of directors of the company. The transaction will include participation from Seouleaguer Cosmetics Co Ltd for KRW 4,000,000,000, Hawaeui Co., Ltd. for KRW 5,000,000,000, and Joongwon Industry Co., Ltd. for KRW 4,000,000,000.
SEOULEAGUER CO., LTD, formerly ROCKETMOBILE CO., LTD, is a Korea-based company principally engaged in the drug sales business. The Company operates its business through four segments. The Healthcare Business segment distributes medicines and cosmetics. The Management Service Organization (MSO) Business segment involves in the advertising and real estate lease business. The Medical Business segment provides medical services such as skin care. The Mobile Accessory segment offers mobile accessories and peripherals including cases, cradles, chargers, bluetooth and others.
SEOULEAGUER CO., LTD. 