Cosmax BTI, Inc. announced that it expects to receive KRW 15 billion in funding from Mirae Asset Securities Co., Ltd., Shinhan Investment Corp., Kiwoom Securities Co., Ltd., BNK Securities Co., Ltd., Hanwha Investment & Securities Co., Ltd. and other investors
June 01, 2021
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Cosmax BTI, Inc. (KOSE:A044820) announced a private placement of Series 1 Unregistered Non-guaranteed Private Convertible Bonds for the gross proceeds of KRW 15,000,000,000 on June 1, 2021. The bonds will mature on June 03, 2026. The bonds are 100% convertible into 785,422 common shares at an conversion price of KRW 19,098.
The conversion period will starts from June 03, 2022 and ends on May 29, 2026. The transaction will include participation from Mirae Asset Securities Co., Ltd. (KOSE:A006800) for KRW 3,000,000,000, Shinhan Investment Corp. for KRW 3,000,000,000, Kiwoom Securities Co., Ltd. (KOSE:A039490) for KRW 3,000,000,000, BNK Securities Co., Ltd. for KRW 2,000,000,000, Hanwha Investment & Securities Co., Ltd. (KOSE:A003530) for KRW 1,000,000,000 and Orien Luxury Kosdaq Venture Hedge Fund 56 and Orien Mezzaine Kosdaq Venture Hedge Fund 57 for KRW 2,000,000,000 and NH Absolute Return Hedge Fund 1 for KRW 1,000,000,000.
The transaction is expected to close on June 3, 2021. The transaction has been approved by board of the company.
Kiwoom Securities Co Ltd is a Korea-based company engaged in the provision of financial services. The Company operates its business through four segments. The Wholesale General segment is engaged in corporate sales that provide stock and derivatives trading services and market information, and bond sales that provide bond brokerage. The Investment Bank (IB) Business Headquarters segment engages in businesses including issuing and arranging corporate bonds, real estate project financing (PF), alternative investment, in addition to initial public offering (IPO). The Investment Management segment is engaged in mezzanine investment, private equity, futures and options trading, arbitrage trading, and brokers over the counter (OTC) derivatives such as equity linked security (ELS) and equity linked warrant (ELW). The Retail Headquarters segment is engaged in businesses such as domestic securities brokerage services, online fund services, and overseas stock services.
Cosmax BTI, Inc. announced that it expects to receive KRW 15 billion in funding from Mirae Asset Securities Co., Ltd., Shinhan Investment Corp., Kiwoom Securities Co., Ltd., BNK Securities Co., Ltd., Hanwha Investment & Securities Co., Ltd. and other investors
KIWOOM SECURITIES CO., LTD. 
