Curo Co.,Ltd. announced that it expects to receive KRW 1.2 billion in funding from Asam Asset Management Co., Ltd.
January 16, 2018
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Daekyung Machinery & Engineering Co., Ltd. (KOSE:A015590) announced a private placement of 7th series unregistered, unsecured convertible bonds for gross proceeds of KRW 1,200,000,000 on January 16, 2018. The transaction will involve participation from new investors ASAM Asset Management co., Ltd., individual investors Hyesook Jang, and Taeae lee for KRW 500,000,000, KRW 200,000,000, and KRW 500,000,000 respectively. The bonds will mature on January 18, 2021. The bonds will have a yield to maturity of 3%. The bonds will be 100% convertible in 1,581,027 shares at a conversion price of KRW 759 per share from January 18, 2019 to December 18, 2020. The expected payment date of the transaction is January 18, 2018. The transaction was approved by the board of directors of the company.
CURO CO., LTD., formerly DAEKYUNG MACHINERY & ENGINEERING CO.,LTD., is a Korea-based company mainly engaged in the manufacture of chemical equipment. Along with its subsidiary, the Company operates its business through two divisions: chemical equipment division and energy division. Its chemical equipment division provides heat exchangers, columns, pressure vessels, reactors with agitators and others. Its energy division provides equipment for power plants, including heat recovery steam generators for combined cycle power plants, water tube boilers and waste heat boilers for cogeneration power plants, and water tube boilers and waste heat boilers for industrial and utility plants. The Company distributes its products within domestic market and to overseas markets.
KIB PLUG ENERGY CO., LTD. 
