Samhwa Paints Industrial Co., Ltd. announced that it expects to receive KRW 10 billion in funding from NH Investment & Securities Co., Ltd., Investment Arm, Shinhan Financial Investment Co., Ltd., KB Securities Co., Ltd., Investment Arm, Mirae Asset Daewoo Co., Ltd., Investment Arm, Samsung Securities Co. Ltd., Investment Arm
February 25, 2021
Share
Samhwa Paints Industrial Co., Ltd. (KOSE:A000390) announced a private placement of round 21st unregistered nonguaranteed private exchangeable bond for gross proceeds of KRW 10,000,000,000 on February 25, 2021. The transaction will include participation from NH Investment & Securities Co., Ltd., Investment Arm for KRW 3,000,000,000, Shinhan Financial Investment Co., Ltd. for KRW 3,000,000,000, KB Securities Co., Ltd., Investment Arm for KRW 2,000,000,000, Mirae Asset Daewoo Co., Ltd., Investment Arm for KRW 1,900,000,000 and Samsung Securities Co. Ltd., Investment Arm for KRW 100,000,000. The bonds carry no interest, no yield to maturity, and will mature on February 26, 2024. The bonds are fully convertible into 841,750 common shares at a conversion price of KRW 11,880 per share from March 2, 2021 till January 26, 2024. The transaction has been approved by the board of directors of the company. The subscription date and payment date of the transaction is February 26, 2021.
SAMHWA PAINTS INDUSTRIAL CO., LTD. is a Korea-based company mainly engaged in the production and sale of paints. Along with subsidiaries, the Company operates its business through four segments. The Paint Segment manufactures and sells architectural, industrial paints. It is also involved in the production and sale of paints for phase change materials (PCMs). The Transportation Arrangement segment provides transportation and storage services for raw materials and products. The Information Technology (IT) segment is involved in the provision of information system development and management, consulting and other services. The Financial segment provides retail financial services. The Company distributes its products within the domestic market and to overseas markets, including Asia and Europe.
SAMHWA PAINTS INDUSTRIAL CO., LTD. 