Q Capital Partners Co., Ltd. announced that it expects to receive KRW 9 billion in funding from Synergy Investment Advisory Co., Ltd.
June 03, 2020
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Q Capital Partners Co., Ltd. (KOSDAQ:A016600) announced a private placement of 23rd series unregistered coupon nonguaranteed private convertible bonds for gross proceeds of KRW 9,000,000,000 on June 3, 2020. The transaction will include participation from Synergy Investment Advisory Co., Ltd. The bonds have a coupon rate and yield to maturity of 3% and 6% respectively and have a maturity date of June 8, 2023. The bonds are convertible into 12,820,512 common shares representing 8.95% of the total number of shares at a conversion price of KRW 702 per share. The conversion period of the bonds will start on June 8, 2021 and end on May 8, 2023. The transaction has been approved by the board of directors of the company. The subscription date and payment date of the transaction is June 3, 2020 and June 8, 2020 respectively.
Q Capital Partners Co., Ltd. is a Korea-based company mainly engaged in the venture investment business and provision of financial related services. The Company is involved in the venture investment business, which provides the investment and financing services for new technology operators; corporate restructuring business, which provides the investment, acquisition and normalization of financially distressed companies; mergers and acquisitions (M&A), which provides strategy to motivate and promote business expansions, as well as investment fund business, which maintains operational stability of funds and manages investment risks. On March 17, 2014, the Company announced that it sold entire shares of Onse Telecom Corp.
Q CAPITAL PARTNERS CO., LTD. 
