Leaders Technology Investment Co.,Ltd announced that it expects to receive KRW 50 billion in funding from CANARIABIO M Inc.
January 13, 2023
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Leaders Technology Investment Co.,Ltd announced a private placement of series 17 kinds unguaranteed privately placed convertible bonds with bearer food rights for gross proceeds of KRW 10,000,000,000 on January 13, 2023. The transaction will include participation from CANARIABIO M Inc. The zero coupon series 17 bonds will mature on May 25, 2026 will be issued through yearning method and will have a yield to maturity rate of 4%. The bonds will be fully convertible into 18,018,018 common shares at an issue conversion price of KRW 555 between the period starting from May 25, 2024 and ending on April 25, 2026. The bonds will have a lock-up period of one year. The expected date of payment is May 25, 2023. The transaction has been approved by board of directors of the company.
On the same date the company also announced a private placement of series 19 kinds unguaranteed privately placed convertible bonds with bearer food rights for gross proceeds of KRW 10,000,000,000. The transaction will include participation from CANARIABIO M Inc. The zero coupon series 19 bonds will mature on June 29, 2026 will be issued through yearning method and will have a yield to maturity rate of 4%. The bonds will be fully convertible into 18,018,018 common shares at an issue conversion price of KRW 555 between the period starting from June 29, 2024 and ending on May 29, 2026. The bonds will have a lock-up period of one year. The expected date of payment is June 29, 2023. The transaction has been approved by board of directors of the company.
On the same date the company also announced a private placement of series 18 kinds unguaranteed privately placed convertible bonds with bearer food rights for gross proceeds of KRW 10,000,000,000. The transaction will include participation from CANARIABIO M Inc. The zero coupon series 18 bonds will mature on June 8, 2026 will be issued through yearning method and will have a yield to maturity rate of 4%. The bonds will be fully convertible into 18,018,018 common shares at an issue conversion price of KRW 555 between the period starting from June 8, 2024 and ending on May 8, 2026. The bonds will have a lock-up period of one year. The expected date of payment is June 8, 2023. The transaction has been approved by board of directors of the company.
On the same date the company also announced a private placement of series 15 kinds unguaranteed privately placed convertible bonds with bearer food rights for gross proceeds of KRW 10,000,000,000. The transaction will include participation from CANARIABIO M Inc. The zero coupon series 15 bonds will mature on April 14, 2026 will be issued through yearning method and will have a yield to maturity rate of 4%. The bonds will be fully convertible into 18,018,018 common shares at an issue conversion price of KRW 555 between the period starting from April 14, 2024 and ending on March 14, 2026. The bonds will have a holding period of one year. The expected date of payment is April 14, 2023. The transaction has been approved by board of directors of the company.
On the same date the company also announced a private placement of series 16 kinds unguaranteed privately placed convertible bonds with bearer food rights for gross proceeds of KRW 10,000,000,000 on January 13, 2022. The transaction will include participation from CANARIABIO M Inc. The zero coupon series 16 bonds will mature on May 4, 2026 will be issued through yearning method and will have a yield to maturity rate of 4%. The bonds will be fully convertible into 18,018,018 common shares at an issue conversion price of KRW 555 between the period starting from May 4, 2024 and ending on April 4, 2026. The bonds will have a holding period of one year. The expected date of payment is May 04, 2023. The transaction has been approved by board of directors of the company.
Plutus Investment Co Ltd, formerly Leaders Technology Investment Co Ltd, is a Korea-based company principally engaged in the provision of venture capital investment and financial related services. The Company operates its business through startup and venture investment, corporate restructuring, merger and acquisition (M&A) arbitration and mediation, management consulting as well as investment in small- and medium-sized enterprises. Its investment targets are small- and medium-sized startups and venture companies primarily engaged in information technology (IT), biotechnology, cultural contents, entertainment, game software and others.