E&D Co., Ltd. announced that it expects to receive KRW 1 billion in funding from MUST Holdings Inc.
November 18, 2019
Share
E&D Co., Ltd. announced a private placement of 4th unregistered convertible bonds for gross proceeds of KRW 1,000,000,000 on November 19, 2019.. The bonds will mature on November 26, 2022. The bonds will have a yield to maturity of 6%. The bonds will be convertible into 251,889 common shares of the company at a rate of 100% and at a fixed conversion price of KRW 3,970 per share from November 26, 2020 to October 26, 2022.. The bonds will be issued to MUST Holdings Inc. The transaction is expected to be completed by November 26, 2019. The transaction has been approved by board of directors of the company.
Eco&Dream Co Ltd, formerly E&D Co Ltd, is a Korea-based company primarily engaged in the manufacture and sale of catalyst systems. The Company operates its business through two segments. The Environment Business segment is engaged in the manufacture and sale of catalyst systems, which are reduction devices for vehicle emissions reduction projects. The Segment is engaged in the manufacture and sale of catalyst materials for new vehicles such as agricultural and construction machineries. The Secondary Battery Materials segment is engaged in the manufacture and sale of precursors for cathode active materials for secondary batteries used in hybrid and electric vehicles.
ECO&DREAM CO., LTD. 
