Uni-Chem Co., Ltd. announced that it expects to receive KRW 23 billion in funding from NH Investment & Securities Co., Ltd., Asset Management Arm, Shinhan Investment Corp., Investment Arm, Meritz Securities Co., Ltd., Investment Arm, Hanyang Securities Co., Ltd., Investment arm, Mirae Asset Daewoo Co., Ltd., Investment Arm, and other investors
September 07, 2020
Share
Uni-Chem Co., Ltd. (KOSE:A011330) announced a private placement of series 28 unregistered coupon non-guaranteed private convertible bond for an aggregate gross proceeds of KRW 23,000,000,000 on September 8, 2020. The transaction will include participation from A One Mezzanine Alpha Hedge Fund, A One Convertible Plus Hedge Fund, A One Convertible Valueup Hedge Fund, A One Convertible Smart Hedge Fund, and A One Convertible Levelup Hedge Fund for KRW 1,100,000,000, A One Convertible Alpha Hedge Fund, A One Convertible High Class Hedge Fund, and A One Convertible Prime Hedge Fund for KRW 500,000,000, A One WM Convertible Hedge Fund, A One Convertible Multi Hedge Fund, A One Mezzanine The Classic Hedge Fund, and A One Mezzanine Opportunity Hedge Fund for KRW 1,400,000,000, GVA MezzSmart Hedge Fund and GVA Mezz-V2 Hedge Fund for KRW 2,000,000,000, Orion Mezzanine Multi strategy Hedge Fund 32 for KRW 1,000,000,000, NH Absolute Return Specialty Investment Type Private Investment Trust No. 1, a fund managed by NH Investment & Securities Co., Ltd., Asset Management Arm and NH Absolute Return Mezzanine Hedge Fund 1 for KRW 4,000,000,000, Brain Hedge Fund 17 for KRW 1,000,000,000, Brain Hedge Fund 29 for KRW 500,000,000, Pharos Mezzanine public offering share Hedge Fund 1 for KRW 500,000,000, Synergy-NH Mezzanine Blind New Technology Business Investment Fund 1 for KRW 1,000,000,000, Synergy Mezzanine Blind New Technology Business Investment Fund 2 for KRW 500,000,000, Synergy Mezzanine Blind New Technology Business Investment Fund 4 for KRW 250,000,000, Synergy Mezzanine Blind New Technology Business Investment Fund 5 for KRW 250,000,000, Synergy Mezzanine Blind New Technology Business Investment Fund 6 for KRW 500,000,000, Synergy Mezzanine Blind New Technology Business Investment Fund 7 for KRW 500,000,000, Synergy Turnaroud New Technology Business Investment Fund 6 for KRW 500,000,000, Shinhan Investment Corp., Investment Arm for KRW 3,000,000,000, Meritz Securities Co., Ltd., Investment Arm for KRW 1,000,000,000, Hanyang Securities Co., Ltd., Investment arm for KRW 1,500,000,000, and Mirae Asset Daewoo Co., Ltd., Investment Arm for KRW 2,000,000,000. The bonds carry zero coupon rate. The bonds will mature on September 9, 2024. The bonds are fully convertible into 16,874,541 common shares of the company at a conversion price of KRW 1,363 per share. The conversion period will start from September 9, 2021 and ends on August 9, 2024. The transaction is expected to close on September 9, 2020. The transaction has been approved by the board of directors of the company.
UNI CHEM.CO.,LTD. is a Korea-based company mainly engaged in the leathers manufacturing. The Company produces and distributes drum dyed leathers, soft and thin leathers, full grain leathers, shrunken leathers, vegetable tanned leathers, chrome free leathers and automotive leathers for dresses, handbags, gloves and women shoes, wallets, car seat coverings and steel wheels. The Company distributes its products within domestic market and to overseas markets.