Willings Co., Ltd. announced a financing transaction
October 31, 2022
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Willings Co., Ltd. announced a private placement of Series 1 private convertible bond on October 31, 2022. The bonds are 100% convertible into 1,156,069 shares at a conversion price of KRW 8,650 per share.
On March 2, 2023, the company announced that the conversion price of bonds is KRW 8,080.
On April, 29, 2023, the company announced that the bonds are fully convertible into 910,746 common shares at a conversion price of KRW 10, 980 per share.
Carry Co Ltd, formerly Willings Co Ltd, is a Korea-based company mainly engaged in new and renewable energy business. The Company operates its business through two segments. The Renewable Energy segment manufactures and sells photovoltaic power generation systems and energy storage system (ESS), and also conducts EPC projects that provide engineering, procurement, and construction services. The Power Solution segment manufactures and sells power conversion devices including heating inverters, power conversion devices for ship water treatment, instantaneous temperature control devices for direct water purifiers, battery packs for communication, and electric vehicle chargers.