Daewon Media Co., Ltd announced that it has received KRW 5 billion in funding.
September 17, 2012 at 09:30 am IST
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Daewon Media Co., Ltd (KOSE:A048910) announced a private placement of series no. 1 bond for gross proceeds of KRW 5,000,000,000 on September 14, 2012. The company will also issue warrants in the transaction. The bond will mature on September 17, 2017. The warrants will be exercisable into common shares of the company at KRW 9,217 per share for a period commencing on September 17, 2013 and expiring on August 17, 2017. On the same day, the board of directors of the company approved the transaction. The subscription and the payment date for the transaction is September 17, 2012.
On September 17, 2012, Daewon Media Co., Ltd closed the transaction.
DAEWON MEDIA CO.,LTD. is a Korea-based company engaged in the animation business. It operates four business divisions. Its animation production division creates imports and distributes animations. Its character licensing and merchandising division provides toys, character goods, games and trading card games, as well as star collection cards. Its game division develops game software under the brand name of Nintendo, and online games, based on animation characters, including Crayon Shin-Chan, Slam Dunk, Power Rangers and others. Its digital contents distribution platform division provides digital contents such as comics, animations and games via its platform. Through its subsidiaries and affiliates, it involves in the animation broadcasting, game terminal and software distribution, and cartoon publishing. On February 28, 2014, it sold all its shares of Bandai Korea Co., Ltd., which is engaged in the design, manufacturing and sales of toys, play equipment and exercise equipment.
DAEWON MEDIA CO., LTD. 
