Tuksu Engineering & Construction Co. Ltd. announced that it expects to receive KRW 5 billion in funding from Eugene investment & Securities Co., Ltd., Investment Arm
June 04, 2018
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Tuksu Engineering & Construction Co. Ltd. (KOSDAQ:A026150) announced a private placement of 3rd series domestic unregistered coupon unsecured unguaranteed private convertible bonds for gross proceeds of KRW 5,000,000,000 on June 5, 2018. The transaction will include participation from Eugene investment & Securities Co., Ltd., Investment Arm. The bonds will not carry no coupon and would mature on June 8, 2023. The bonds are convertible into common shares of the company at a conversion price of KRW 13,350 per share. The conversion will start on June 8, 2019 and end on May 8, 2023. The transaction is expected to close on June 8, 2018. The transaction has been approved by the board of directors of the company.
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 Co. Ltd. announced that it expects to receive KRW 5 billion in funding from Eugene investment & Securities Co., Ltd., Investment Arm
TUKSU ENGINEERING & CONSTRUCTION,LTD. 
