Kbi Dongkook Ind. Co., Ltd announced that it expects to receive KRW 16.5 billion in funding from a group of investors
March 09, 2021
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Kbi Dongkook Ind. Co., Ltd (KOSE:A001620) announced a private placement of series 9 unregistered coupon non-guaranteed private convertible bonds for gross proceeds of KRW 16,500,000,000 on March 10, 2021. The bonds are zero coupon bonds and will mature on March 12, 2026. The bonds are 100% convertible into 17,169,614 common shares at a conversion price of KRW 961 per share. The conversion period of the bonds starts on March 12, 2022 and ends on February 12, 2026. The transaction will include participation from SUSUNG ASSET MANAGEMENT Co., Ltd. for KRW 3,000,000,000, Shinhan Investment Corp., Investment Arm for KRW 2,000,000,000, Hanyang Securities Co., Ltd., Investment Arm for KRW 1,500,000,000 and group of investors. The subscription date and payment date of the transaction is March 12, 2021. The transaction has been approved by board of directors of the company.
KBI DONGKOOK IND CO., LTD, formerly DONGKOOK IND.CO., LTD, is a Korea-based company mainly engaged in the manufacture of automobile components. The Company's products consist of injection molding products such as crash pads reinforcements, front carrier assemblies, console floor assemblies, glove box assemblies, cluster facia assemblies, shroud steering, washing tank assemblies and nozzle defroster assemblies; blow molding products such as blow heater connection assemblies, which are used for air conditioners and heaters, and luggage board assemblies used for loading products in car trunks. The Company is also engaged in the rental business and construction business. It supplies its products within domestic market and to overseas markets.
KBI DONGKOOK IND.CO.,LTD. 
