SKY E&M Co., Ltd. announced that it expects to receive KRW 17 billion in funding
November 16, 2021
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SKY E&M Co., Ltd. announced a private placement of series 22 Unregistered nonguaranteed private placement convertible bonds for gross proceeds of KRW 17,000,000,000 on November 17, 2021. The bonds carry coupon rate of 0% and yield to maturity of 2%. The bonds would mature on December 30, 2024. The bonds would be 100% convertible into 3,910,743 common shares of the company at a conversion price of KRW 4,347 from December 30, 2022 to November 30, 2024. The transaction will include participation from Ezmona Fund. The transaction has been approved by the board of directors of the company. The payment date of the transaction is December 30, 2021. The securities issued will be subject to hold period of one year.
TN Entertainment Co Ltd, formerly Chorokbaem E&M Co Ltd, is a Korea-based company mainly engaged in the entertainment business. The Company operates its business through three segments. The Entertainment Business segment is engaged in the provision of artist management services. The Chemical Business segment is engaged in the manufacture and sale of lithium secondary battery electrolyte additives, etchant materials, semiconductor process materials, and other electronic chemical materials. The Food and Beverage Business segment is engaged in the restaurant business, chicken brand franchise business, home-replacement food distribution business and other businesses.
TN ENTERTAINMENT CO., LTD. 
