CUROCOM.Co.Ltd. announced that it expects to receive KRW 5.3 billion in funding from IN Asset Co., Ltd., J&J Assets Management Ltd, and other investors
November 30, 2017
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CUROCOM.Co.Ltd. (KOSDAQ:A040350) announced a private placement of 18th unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 5,300,000,000 on November 30, 2017. The transaction will include participation from IN Asset Co., Ltd. and J&J Assets Management Ltd for KRW 1,000,000,000 each, Gate Asset Co., Ltd. for KRW 500,000,000, individual investors Chunghee Lee and Juyeon Lee for KRW 500,000,000 each, KI IL KIM for KRW 700,000,000, and other investors. The zero coupon bonds will bear a yield to maturity of 3%. The bonds will be convertible into 1,586,826 common shares of the company at a fixed conversion price of KRW 3,340 per share from December 1, 2018 to November 1, 2020. The bonds will mature on December 1, 2020 and will be repaid at the rate of 109.3806% of principal amount. The transaction has been approved by board of directors of the company.
CreoSG Co Ltd, formerly Curocom Co Ltd, is a Korea-based company mainly engaged in solution business and distribution business. The Company operates through three segments. The Solutions Business segment is engaged in the development and provision of financial consulting and software for financial institutions. Additionally, the segment is engaged in the supply of core banking solutions BANCS-K framework and BANCS-K Package to banks and other financial institutions. The Distribution Business segment is engaged in the distribution business of computers, laptops, printers, and multi-function printers. The New Drug and Vaccine Development Business segment is engaged in the development of vaccines for acquired immunodeficiency syndrome(AIDS), corona virus disease 19 (COVID-19) vaccine and other infectious diseases, and research and development of super antibiotics for Staphylococcus aureus.
CUROCOM.Co.Ltd. announced that it expects to receive KRW 5.3 billion in funding from IN Asset Co., Ltd., J&J Assets Management Ltd, and other investors
CREOSG CO.,LTD. 
