DPECO Co.,Ltd. announced that it expects to receive KRW 1 billion in funding
August 12, 2021
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DPECO Co.,Ltd. announced a private placement of series 10th unregistered coupon nonguaranteed private convertible bonds for gross proceeds of KRW 1,000,000,000 on August 12, 2021. The bond carries a coupon rate of 1% and maturity rate of 4%. The bond will mature on August 13, 2025. The bond will convert into 123,258 common shares of the company at a conversion price of KRW 8,113. The conversion period will start from August 13, 2022 and end on July 13, 2025. The payment date of the transaction is August 13, 2021 and subscription date of the transaction is August 12, 2021. The transaction has been approved by board of directors of the company. The bond is subject to hold period of one year. The transaction included participation from new investors NH Investment & Securities Co., Ltd. for KRW 500,000,000 and Shinhan Investment Corp. for KRW 500,000,000.
DPECO CO.,LTD. is a Korea-based company engaged in the engineering services related to automotive and other manufacturing industries. The Company's services in the automotive development covers styling and modeling with model build, engineering design, component design, and so on. In the sector of manufacturing engineering, it offers services such as process engineering, drawing review for productivity and quality verification.