Barunson Co.,Ltd. announced that it expects to receive KRW 5 billion in funding from BTC Investment, Jaedam Inc., Wise Planet Co., Ltd.
December 13, 2020
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Barunson Co.,Ltd. (KOSDAQ:A018700) announced a private placement of 32nd non-guaranteed private equity convertible bond for gross proceeds of KRW 5,000,000,000 on December 14, 2020. The transaction included participation form BTC Investment from KRW 1,000,000,000, Jaedam Inc. for KRW 3,000,000,000, and Wise Planet Co., Ltd. for KRW 1,000,000,000. The maturity date of securities issued is on December 15, 2023. The bonds will have yield to maturity of 4% per annum and will not bear any coupon rate. The bonds will be 100% convertible into common shares of 1,483,679 at a fixed conversion price of KRW 3,370 per share. The conversion period will start from December 15, 2021 and will end on November 15, 2023. The bonds will be redeemed at lump sum on the maturity date. The transaction is expected to close on December 15, 2020. The transaction has been approved by the board of the company.
Barunson Co., Ltd. is a Korea-based company mainly engaged in game business. The Company operates its business through three segments. The Film Business segment is engaged in film production and investment. The Food Business segment is engaged in catering, lunch, and franchise brand development. The Game Business segment is engaged in virtual reality (VR) content development, mobile game development, home interior retailing, and facility security business.
BARUNSON CO., LTD. 
