EOFLOW Co.,Ltd. announced that it expects to receive KRW 17 billion in funding from DB Financial Investment Co., Ltd., Samsung Securities Co., Ltd., NH Investment & Securities Co., Ltd., Tiger Investment Advisory Co.,Ltd.
February 06, 2024
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EOFLOW Co.,Ltd. announced a private placement to issue Series 3 Unsecured Private Placement Convertible Bonds for the gross proceeds of KRW 17,000,000,000 on February 6, 2024. The transaction will include participation from DB Financial Investment Co., Ltd. for KRW 1,000,000,000, Hana Investment Banking & Securities Inc. for KRW 3,000,000,000, Samsung Securities Co., Ltd. for KRW 300,000,000, NH Investment & Securities Co., Ltd. for KRW 680,000,000 and Tiger Investment Advisory Co.,Ltd. The series 3 bonds will have a coupon rate of 0% and yield to maturity rate of 5%, maturing on February 8, 2027. The bonds are fully convertible into 4,522,479 shares of the company at an issue conversion price of KRW 3,759 per share between the period starting from February 8, 2025 and ending on January 8, 2027.
The transaction has been approved by board of directors of the company. The expected date of payment is February 8, 2024.
DB Financial Investment Co.,LTD., formerly Dongbu Securities CO., Ltd. is a Korea-based engaged in the financial investment business. The Company operates its business through five segments: retail segment, which provides stock, future and option brokerage services, online investment services, financial consulting services, integrated asset management services and others; investment banking segment, which provides underwriting services, investment services, consulting services and others; trading segment, which provides stock trading, bond trading and other financial related trading services, and wholesale segment, which engages in the sale of financial products. On March 28, 2013, the Company sold its entire shares of Dongbu Life Insurance Co., Ltd.
EOFLOW Co.,Ltd. announced that it expects to receive KRW 17 billion in funding from DB Financial Investment Co., Ltd., Samsung Securities Co., Ltd., NH Investment & Securities Co., Ltd., Tiger Investment Advisory Co.,Ltd.