Hanju Chemical & Holdings Co., Ltd. announced that it expects to receive KRW 8 billion in funding from Jiyuon Co., Ltd.
October 19, 2021
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Hanju Chemical & Holdings Co., Ltd. announced a private placement of 19th Bearer Type Non-Guaranteed Private Placement Bond for gross proceeds of KRW 8,000,000,000 on October 19, 2021. The bonds will be issued at par. The transaction will include participation from Jiyuon Co., Ltd. The bonds will bear fixed interest rate of 2% per annum. The bonds will mature on October 21, 2024. The bonds are convertible into 4,012,036 common shares at a fixed conversion price of KRW 1,994 per share from October 21, 2022 to September 21, 2024. The date of subscription and expected date of payment is October 21, 2021. The bonds are subject to a hold period of one year from the date of issue. The transaction is approved by the board of directors of the company.
The Technology Co Ltd, formerly Exergy21 Co Ltd, is a Korea-based company mainly engaged in the distribution business. The Company manly operates its business through four segments. The Distribution Business segment engages in the food processors, luxury goods, healthy food, kitchen appliances and home shopping goods distribution business. The PM business segment provides consulting services for real estate development, licensing, and contractor selection. The Pharmaceutical segment engages in ethanol and disinfectant manufacture business. The Other segment provides business support services. The Company also engages in information technology (IT) services, artificial intelligence (AI) and drone based security solutions, as well as heat pump system provision business.