Enchem Co., Ltd. announced that it expects to receive KRW 90 billion in funding from Kiwoom Securities Co., Ltd., Investment Arm, Mirae Asset Securities Co., Ltd., Asset Management Arm, Meritz Securities Co., Ltd., Asset Management Arm, BNK Securities Co., Ltd., Investment Arm, KB Securities Co., Ltd., Investment Arm, and other investors
November 24, 2021
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Enchem Co., Ltd. announced a private placement of 10th series of bearer type non-guaranteed private placement non-separable bond with warrants for gross proceeds of KRW 90,000,000,000 on November 25, 2021. The transaction will involve participation from Kiwoom Securities Co., Ltd., Investment Arm for KRW 5,000,000,000, Mirae Asset Securities Co., Ltd., Asset Management Arm for KRW 5,000,000,000, BNK Securities Co., Ltd., Investment Arm for KRW 5,000,000,000 and and other investors for KRW 75,000,000,000. The transaction was approved by the board of directors of the company. The bonds carry no coupon rate and bond maturity date is November 29, 2026. The warrants are exercisable into 798,367 shares at a fixed conversion rate of KRW 112,730 per share into 4.99% stake. The exercise period starts on November 29, 2022, and ends on October 29, 2026. The payment date is November 29, 2021. The bonds have a hold period of one year, post the closing.
Enchem Co Ltd is a Korea-based company principally engaged in the electrolyte and functional additives manufacture and sale business. The Company mainly provides electrolyte products used for rechargeable batteries, electric double layer capacitor (EDLC) and functional additives. The Company also provides cell products such as batteries, conductive binders, current collectors and other electronic materials used for mobiles, laptops and power tools.
ENCHEM CO., LTD. 
