Pulmuone Co., Ltd. announced a financing transaction
January 11, 2018
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Pulmuone Co., Ltd. (KOSE:A017810) announced a private placement of 403,458 convertible preferred stock on January 12, 2018. The transaction will involve participation from IBK S Green Fund. The securities issued are redeemable at a price of KRW 173, 5000 from March 23, 2023 to March 23, 2028. The securities issued are convertible into common stock from March 23, 2019 to February 23, 2028. The transaction has been approved by the board of directors.
PULMUONE, formerly Pulmuone Holdings Co., Ltd. is a Korea-based holding company engaged in the management of its subsidiaries. Through its subsidiaries, the Company is mainly engaged in the food manufacturing and food material distribution businesses. The Companyâs subsidiaries include Pulmuone Foods Co., Ltd., which is engaged in the production of tofu, bean sprouts, eggs and noodles; Exofresh Logistics Co., Ltd., which is mainly engaged in the provision of chilled logistic business; ECMD. CO., LTD., which is engaged in the food service business; FOODMERCE, which is engaged in the distribution of food materials, and Pulmuone Health&Living CO.LTD., which is mainly engaged in the manufacture of healthcare foods.