Tuksu Engineering & Construction,Ltd. announced that it expects to receive KRW 5 billion in funding
November 12, 2018
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Tuksu Engineering & Construction,Ltd. (KOSDAQ:A026150) announced a private placement of 4th series domestic unregistered coupon unguaranteed private non-detachable bond for gross proceeds of KRW 5,000,000,000 on November 13, 2018. The bonds are issued at 0% nominal interest rate, 0% yield to maturity and will mature on November 15, 2023. The company will also issue stock warrants to purchase 984,251 common shares of the company at 100% exercise ratio with exercise price of KRW 5,080 per share. The exercise period is from November 15, 2019 to October 15, 2023. The transaction will include participation from Rhinos KOSDAQ Venture Public Offering Hedge Fund 1 for KRW 2,000,000,000, Rhinos KOSDAQ Venture Mezzanine Hedge Fund 1 for KRW 1,500,000,000, Rhinos K Bio Mezzanine Hedge Fund, Rhinos Plain Vanilla Hedge Fund 2 and Rhinos Mezzanine Hedge Fund 4 for KRW 500,000,000 each. The transaction has been approved by the board of directors of the company and is expected to close by November 15, 2018.
TUKSU ENGINEERING & CONSTRUCTION, LTD. is a Korea-based company mainly engaged in the engineering and construction business. The Company is involved in the solid crossing of railway and highway business, bridge and building foundation piling, shield tunneling, diaphragm wall construction works, overseas construction works and heavy industries works. It carried out solid crossing projects such as Seoho Jacking Unerpass between Bugok and Suwon of Gyeongbu Railway; foundation piling projects such as Gwangan bridge, Incheon bridge, Korea Train Express (KTX) railway and others, as well as shield tunnel projects such as Seocho power cable tunneling and tunneling. It also provides construction equipment and industrial plants such as belt conveyors, cranes and others. In addition, the Company engages in the real estate rental business.
TUKSU ENGINEERING & CONSTRUCTION,LTD. 
