Yeong Hwa Metal Co., Ltd. announced that it expects to receive KRW 9 billion in funding from Mirae Asset Securities Co., Ltd., NH Investment & Securities Co., Ltd., Samsung Securities Co., Ltd., KB Securities Co., Ltd., Investment Arm, SUSUNG ASSET MANAGEMENT Co., Ltd., Korea Investment & Securities Co., Ltd., Investment Arm
September 10, 2019
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Yeong Hwa Metal Co., Ltd. (KOSE:A012280) announced a private placement of series 15 unregistered interest free unguaranteed private convertible bonds for the gross proceeds of KRW 9,000,000,000 on September 11, 2019. The transaction will include participation from new investor Mirae Asset Daewoo Co., Ltd. (KOSE:A006800) from its Fund 1 for KRW 1,000,000,000, NH Investment & Securities Co., Ltd. (KOSE:A005940) from its Fund 2 for KRW 1,000,000,000, SUSUNG ASSET MANAGEMENT Co., Ltd. for KRW 1,500,000,000, Samsung Securities Co.,Ltd. (KOSE:A016360) from its Fund 3 for KRW 500,000,000 and from its Fund 4 for KRW 500,000,000, Korea Investment & Securities Co., Ltd., Investment Arm for KRW 3,000,000,000, and from its Fund 5 for KRW 200,000,000, from its Fund 6 for KRW 500,000,000 and from its Fund 7 for KRW 300,000,000 and KB Securities Co., Ltd., Investment Arm from its Fund 8 for KRW 500,000,000. The bonds will mature on September 17, 2024.
The bonds are 100% convertible into 6,423,982 shares at a price of KRW 1,401 per share. The bonds will be converted from September 17, 2020 to August 17, 2024. The securities issued in the transaction have a hold period of 12 months.
The transaction has been approved by board of directors. The transaction is expected to close on September 17, 2019.
YEONG HWA METAL CO., LTD. is a Korea-based company mainly engaged in the manufacturing and distribution of cast products for automobiles. The Companyâs products consist of engine parts, including exhaust manifolds, cylinder blocks, crank shafts and others; axle parts, including wheel hubs and differential cases and carriers; brake parts, including brake discs and brake drums; transmission parts, including gear assemblies and others, as well as pipe fittings such as high-grade malleable iron pipe fittings, stainless steel pipe fittings and others. The Company distributes its products within domestic market and to overseas markets.
YEONG HWA METAL CO., LTD. 
