Livefinancial Co.,Ltd. announced that it expects to receive KRW 15 billion in funding from Arbitrage Trading Co. Ltd. and other investors
January 14, 2020
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CTL.Inc. (KOSDAQ:A036170) announced a private placement of 13th series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 15,000,000,000 on January 15, 2020. The transaction will include participation from new investors, Arbitrage Trading Co. Ltd. for KRW 4,000,000,000, Fintech Consortium 1 for KRW 8,000,000,000, and Bainbridge Co., Ltd. for KRW 3,000,000,000. The bonds have a coupon rate and yield to maturity of 4%. The bonds are fully convertible into 6,944,442 shares of the company at a fixed conversion price of KRW 2,160, representing 15.08% stake in the company. The transaction has been approved by the board of directors of the company.
Cloud Air Co Ltd, formerly Livefinancial Co Ltd, is a Korea-based company principally engaged in the manufacture and sale of light emitting diode (LED). The Company operates its business through three segments. The LED Business segment produces LED used for automobiles and lighting. It also engages in the business of real estate rental. The Investment Advisory Business segment provides services related to management consulting. The Fintech Business segment engages in fintech platform and service related business.
CLOUD AIR CO.,LTD. 
