Dangjin Kodae-port Operating Company., Ltd. announced that it expects to receive KRW 1.95 billion in funding from Dongkuk Steel Mill Co. Ltd. and other investors.
February 18, 2014 at 04:00 am
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Dangjin Kodae-port Operating Company., Ltd. announced a private placement of 390,000 shares at KRW 5,000 per share for gross proceeds of KRW 1,950,000,000 on February 18, 2014. The transaction will include participation from existing investor, Dongkuk Steel Mill Co. Ltd., which will invest for 59,756 shares for KRW 298,780,000. Dongkuk Steel Mill Co. Ltd. will have equity ratio of 21.22% upon closing. The company will issue the shares at par to existing shareholders. The company will issue 1.8571429 new shares for every existing share held as on March 6, 2014. The subscription period for the transaction will start on March 8, 2014 and end on March 21, 2014. The transaction was approved by the board of directors of Dongkuk Steel Mill Co. Ltd. The payment date for the transaction is April 3, 2014.
On March 7, 2014, the board of directors of the investor approved the transaction.
On April 1, 2014, the company announced that the company will issue 0.9512195 shares for each existing share. The subscription period for the transaction will start on April 2, 2014 and end on April 3, 2014.
INTERGIS CO., LTD. is a Korea-based company that is mainly engaged in harbor stevedoring and land transportation businesses. It provides harbor stevedoring services for containers, bulk and general cargos, and land transportation services for cargo containers and steel products such as section steels, steel plates and bar steels, providing domestic door to door transportation services as well as less container load (LCL) and full container load (FCL) transportation services for import and export. The Company also provides forwarding services for marine and air cargos, and operates gas stations.
Dangjin Kodae-port Operating Company., Ltd. announced that it expects to receive KRW 1.95 billion in funding from Dongkuk Steel Mill Co. Ltd. and other investors.