Tilon Co., Ltd. announced that it has received KRW 1 billion in funding from Nongshim Capital Co., Ltd., Investment Arm
April 28, 2019
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Tilon Co., Ltd. (XKON:A217880) announced a private placement of 4th series unguaranteed private convertible bond for gross proceeds of KRW 1,000,000,000 on April 29, 2019. The transaction will include participation from existing investor Nongshim Capital Co., Ltd., Investment Arm. The bonds are issued at 2% nominal interest rate, 6.5% yield to maturity and will mature on April 29, 2022. The company will also issue stock warrants to purchase 80,000 common shares of the company at 100% exercise ratio with exercise price of KRW 12,500 per share. The exercise period is from April 29, 2020 to April 28, 2022. The transaction has been approved by the board of directors of the company
Tilon Co Ltd is a Korea-based company principally engaged in the development and supply of application software. In addition, the Company is also engaged in the manufacture and sell of computer systems; developing and supplying total solutions. The Company mainly operates private cloud business that can be introduced as a built-in cloud due to security issues such as smart work, mobile office, green IT, and network separation in companies or public institutions. The Company also operates public cloud business that allows individuals or small and medium-sized businesses to pay only for what they use in a pay-as-you-go format and utilize the cloud system without building a system themselves.
TILON CO.,LTD. 
