Ananti Inc. announced that it expects to receive KRW 60 billion in funding from a group of investors
March 14, 2021
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Ananti Inc. (KOSDAQ:A025980) announced a private placement of 4th non-guaranteed private convertible bonds with bearer interest for gross proceeds of KRW 60,000,000,000 on March 15, 2021. The transaction included participation from existing investors Leading Investment & Securities Co., Investment Armfor KRW 18,000,000,000, KB Securities Co., Ltd., Investment Arm for KRW 10,000,000,000, Mirae Asset Capital Co,Ltd., Investment Arm for KRW 5,000,000,000 and group of investors. The coupon rate of bonds is 0 per annum and yield to maturity of 1.5%. The bond would mature on March 22, 2024. The bonds can be 100% converted into 8,149,959 common shares for 8.73% stake of the company at a fixed conversion price of KRW 7,362 per share. The conversion period is from March 22, 2022 and February 22, 2024. The transaction is expected to close on March 22, 2021. The transaction has been approved by the board of directors of the company.
Ananti Inc, formerly Emerson Pacific Inc, is a Korea-based company mainly engaged in the golf course leisure business. The Company operates its business through two segments. The Resort Operation segment is mainly engaged in the operation of golf resorts such as Kumgang Ananti Golf and Spa Resort, Hilton Namhae Golf and Spa Resort and others, and golf course clubs such as Jung Ang Country Club, international management group (IMG) National Country Club and others. The Pre-sale segment is engaged in the resorts construction and pre-sale business.
ANANTI INC. 
