KC Cottrell Co., Ltd. announced that it expects to receive KRW 11 billion in funding from KDB Capital Corporation, Investment Arm, DB Financial Investment Co.,Ltd., Investment Arm, Shinhan Investment Corp., Investment Arm, NH Investment & Securities Co., Ltd., Investment Arm, and other investors
November 24, 2021
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KC Cottrell Co., Ltd. announced that it will issue the 1st bearer type interest part no guarantee unsecured private placement convertible bond for gross proceeds of KRW 11,000,000,000 on November 24, 2021. The transaction will include participation from new investors KDB Capital Corporation, Investment Arm which will invest KRW 5,000,000,000, New Deal Extension New Technology Investment Association 1 whose executive member are IBK Securities Co., Ltd./ Hana Financial Investment Co., Ltd which will invest KRW 3,000,000,000, DB Financial Investment Co.,Ltd., Investment Arm which will invest KRW 1,000,000,000, Shinhan Investment Corp., Investment Arm which will invest KRW 1,000,000,000, Ryan Blue KOSDAQ Venture Hedge Fund 3 a fund managed by NH Investment & Securities Co., Ltd., Investment Arm which will invest KRW 500,000,000 and Joy & July Co., Ltd. which will invest KRW 500,000,000. The expected date of payment is November 26, 2021. The bonds maturity date is November 26, 2024. The interest rate is 1%. The bonds will be converted into 1,611,485 shares comprises 9.16% stake at the conversion price of KRW 6,826 per share. The transaction is approved by the board of directors of the company.
KC Cottrell Co.,Ltd. is a Korea-based company engaged in the manufacture of environment equipment. The Company mainly provides three categories of products: dust collection systems, gas treatment systems and other new energy systems. Its dust collection systems include electrostatic precipitators (ESPs), reverse air fabric filters, pulse jet air fabric filters, ceramic filters and others. Its gas treatment systems include absorbers and auxiliary systems, limestone slurry preparation systems, flue gas systems, gypsum dewatering systems, waste water treatment systems, rotary atomizer systems and others. Its other new energy systems include ash handling systems, industrial machineries, and photovoltaic equipment. On May 22, 2013, the Company established a new wholly owned subsidiary, engaged in the bag filter business. On June 5, 2013, it acquired a 100% stake in a Korea-based company.
KC Cottrell Co., Ltd. announced that it expects to receive KRW 11 billion in funding from KDB Capital Corporation, Investment Arm, DB Financial Investment Co.,Ltd., Investment Arm, Shinhan Investment Corp., Investment Arm, NH Investment & Securities Co., Ltd., Investment Arm, and other investors
KC COTTRELL CO., LTD. 