EXT Co.,Ltd. announced that it expects to receive KRW 5 billion in funding
January 18, 2021
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EXT Co.,Ltd. (KOSDAQ:A226360) announced a private placement of round 9 non-guaranteed private equity convertible bonds for gross proceeds of KRW 5,000,000,000 on January 18, 2021. The transaction will include participation from KH Global Association. The bonds are issued at 2% coupon rate, 3% yield to maturity, and will mature on January 19, 2024. The interest will be paid every three month starting April 19, 2021 and ending January 19, 2024. The bonds will are fully convertible into 1,779,359 common shares of the company, representing 3.28% in the company, at a conversion price of KRW 2,810 per share. The conversion period is from January 19, 2022 to December 19, 2023. The subscription date is November 17, 2020 and is expected to close by November 17, 2020. The transaction has been approved by the board of directors of the company.
KH Construction Co Ltd, formerly KH E&T Co Ltd, is a Korea-based company mainly engaged in the construction business. The Company operates its business through four segments. The Construction segment mainly engages in the point foundation (PF), screw anchor pile methods construction business. The Manufacture segment produces Ext-Pile reinforcing plates. The Technical Service segment provides products quality management service, technical consulting service, and others. The Other segment engages in the residential rental business.