Green Plus Co., Ltd. announced that it expects to receive KRW 10 billion in funding from Korea Investment & Securities Co., Ltd., Investment Arm and another investor
June 15, 2020
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Green Plus Co., Ltd. (KOSDAQ:A186230) announced a private placement of series 4 non-guaranteed private equity bonds for gross proceeds of KRW 10,000,000,000 on June 15, 2020. The transaction will include participation from Korea Investment & Securities Co., Ltd., Investment Arm for KRW 3,000,000,000 and SBI Support Growth Private Equity Fund for KRW 7,000,000,000. The bonds are fully convertible into 678,387 shares at a conversion price of KRW 14,741. The bonds will mature on June 22, 2025. The conversion period will start on June 22, 2021 and end on June 21, 2025. The bonds are redeemable. The payment date is June 22, 2020 and subscription date is June 17, 2020. The transaction has been approved by the board.
GreenPlus Co Ltd is a Korea-based company mainly engaged in the smart farm business. The Company operates its business through four segments. The Smart Farm Business segment is engaged in the design and construction of glass greenhouses, as well as installation of farm factories. The Aluminum Business segment is engaged in the manufacture and sale of aluminum extruded products and processed products. The aluminum extruded products include aluminum for electric and electronic, architectural, industrial and defense use. The Aquaculture Business segment is engaged in the eel farming business. The Crop Cultivation Business segment is engaged in the strawberry planting business.
Green Plus Co., Ltd. announced that it expects to receive KRW 10 billion in funding from Korea Investment & Securities Co., Ltd., Investment Arm and another investor
GREEN PLUS CO., LTD. 
