DPECO Co.,Ltd. announced that it has received KRW 950 million in funding
July 23, 2021
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DPECO Co.,Ltd. announced a private placement of series 9th unregistered coupon nonguaranteed private convertible bonds for gross proceeds of KRW 950,000,000 on July 23, 2021. The bond carries a coupon rate of 1% and maturity rate of 4%. The bond will mature on July 23, 2025. the bond will convert into 113,432 common shares of the company at a conversion price of KRW 8,375. The conversion period will start from July 23, 2022 and end on June 23, 2025. The payment date and subscription date of the transaction is July 23, 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 Solution KKK 1 Private Fund for KRW 850,000,000 and Jeonghan Yoo for KRW 100,000,000.
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.