DECO&E Co.,Ltd. announced that it expects to receive KRW 10 billion in funding
June 19, 2018
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DECO&E Co.,Ltd. (KOSDAQ:A017680) announced a private placement of 42nd series of unregistered unguaranteed private convertible bonds for gross proceeds of KRW 10,000,000,000 on June 19, 2018. The transaction will include participation from new investor, DW Investment Co., Ltd for KRW 1,000,000,000. The bonds will be issued at par and will carry a fixed coupon of 1% per annum. The bonds have yield to maturity of 3% and would mature on August 7, 2021. The bonds will be fully convertible into 12,315,270 shares of the company at a fixed conversion price of KRW 812 per share from August 7, 2019 to July 7, 2021. The subscription date is June 19, 2018, and the payment date is August 7, 2018. The transaction has been approved by the board of directors of the company.
On July 3, 2018, the company announced that DECO&E Co.,Ltd. (KOSDAQ:A017680) will not participate in the transaction for KRW 1,000,000,000.
DECO&E CO., LTD., formerly DECO-NETISHION CO., LTD, is a Korea-based company engaged in the manufacture and distribution of women's apparels. The Company's apparel brands include Deco, which is in a luxury casual style; 96NY, which is in a modern and casual style; ANA CAPRI, which is in a feminine style. The Company provides its products through department stores and commercial agents.
DECO&E CO LTD 
