Jaanh Cosmetics,Inc. announced that it expects to receive KRW 40 billion in funding from Meritz Securities Co., Ltd., Investment Arm
April 26, 2021
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Jaanh Cosmetics,Inc. (KOSDAQ:A219550) announced a private placement of series 4 non-guaranteed private equity convertible bonds with bearer interest for gross proceeds of KRW 40,000,000,000 on April 27, 2021. The transaction will include participation from Meritz Securities Co., Ltd., Investment Arm. The convertible debentures have a coupon rate of 5.5% and maturity interest rate of 5.5% with debentures maturity date on April 28, 2026. The debentures are 100% convertible into 41,152,263 shares at a conversion price of KRW 972 for 34.02% stake in the company. The conversion period starts on April 29, 2022 and ends on March 28, 2026. The transaction has been approved by the board of directors of the company. The subscription date of the transaction is April 27, 2021 and payment date is April 28, 2021.
DYD Co Ltd, formerly DYD Daeyang Ltd, is a Korea-based company principally engaged in the cosmetics distribution business. The Company distributes basic and color cosmetics such as eyeliner, mascara, blusher and others. The Company also distributes personal care products such as hair care and skin care, among others. The Company imports overseas brands such as Kiss Me, CANMAKE, BCL and others and supplies them to distribution channels such as Health and Beauty (H&B) stores, online stores, and duty-free stores, among others.
DYD CO.,LTD. 
