Daeyu Co., Ltd. announced that it expects to receive KRW 10 billion in funding from History Investment Co., Ltd., Hana Ventures Inc., YR Invest Co., Ltd.
October 12, 2020
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Daeyu Co., Ltd. (KOSDAQ:A290380) announced a private placement of series 1 unregistered coupon nonguaranteed private convertible bond with warrants for gross proceeds of KRW 10,000,000,000 on October 13, 2020. The transaction involved participation from new investors History Investment Co., Ltd. for KRW 3,000,000,000, Hana Ventures Inc. for KRW 2,000,000,000, and YR Invest Co., Ltd. for KRW 5,000,000,000. The coupon rate and interest rate to maturity is 1.5% each. The bond maturity date is October 23, 2023. The bonds are fully convertible into 795,988 shares at a conversion price of KRW 12,563 per share for 8.1% stake in the company. Conversion period of the bonds starts on October 23, 2021 and ends on September 23, 2023. The bonds issued have a hold period of one year, post the closing. The payment date is October 23, 2020. The transaction has been approved by the board of directors of the company.
Dae Yu Co., Ltd is a Korea-based company mainly engaged in the production and sale of fertilizers. Along with subsidiaries, the Company operates its business through two segments. The Fertilizer segment is involved in the manufacturing and sale of fertilizers such as compound fertilizers, trace element compound fertilizers and organic material products. The fertilizers can be applied to fruits, vegetables, leafy vegetables, root vegetables and beans. Fertilizers are sold under the names of Daeyunarugen, Purio and Daeyu Mirigun. The Pesticide segment is involved in the manufacturing and sale of growth regulators, crop protection products and tree protection products. In addition, the Company manufactures and sells drugs for animals.
Daeyu Co., Ltd. announced that it expects to receive KRW 10 billion in funding from History Investment Co., Ltd., Hana Ventures Inc., YR Invest Co., Ltd.
DAE YU CO., LTD. 
