Yulho Co., Ltd. announced that it expects to receive KRW 10 billion in funding from H&Partners Co., Ltd.
June 06, 2021
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Yulho Co., Ltd. (KOSDAQ:A072770) announced private placement of series 5 non-guaranteed private convertible bonds with bearer type interest part for gross proceeds of KRW 10,000,000,000 with H&Partners Co., Ltd. on June 7, 2021. The bonds bear coupon rate of 1% per annum, payable quarterly and interest to maturity of 4% maturing on October 26, 2024. The bonds will be issued at par. The bonds are fully convertible into 2,927,400 shares representing 6.99% stake at a fixed conversion price of KRW 3,416 per share from October 27, 2022 to September 26, 2024. The bonds are redeemable after 1 year of issuance and every three months thereafter at a premium of 3% per annum. The expected payment date is October 27, 2021. The transaction has been approved by the board of directors of the company. The company announced that it has obtained approval from board.
Yulho Co., LTD., formerly Neodian Technology Co., LTD., is a Korea-based company engaged in the distribution of software. Along with its subsidiaries, the Company operates its business through two segments. The Computer Peripherals Distribution segment engages in the build of storage solutions and the sale of software. The Company operates business in the sale, build and maintenance of EMC solution and Dell software. The Software Development segment provides wireless internet platform development and labor services. The Company's products include mobile middleware platforms, industrial automation systems and others.