Tonymoly Co., Ltd announced that it expects to receive KRW 25 billion in funding from a group of investors
November 26, 2019
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TONYMOLY Co.,Ltd. (KOSE:A214420) announced that it will issue episode 2 bearer coupon non-guaranteed non-separable private bond with warrants of KRW 25,000,000 on November 27, 2019. The transaction will involve participation from ANDA Asset Management Co., Ltd., Mirae Asset Daewoo Co., Ltd., Investment Arm, NH Investment & Securities Co., Ltd., Investment Arm, and other investors. The bonds will mature on November 29, 2024. The bonds will carry neither surface interest nor maturity interest. The bonds are fully convertible into 2,577,319 common shares for 12.86% stake in the company at KRW 9,700 per share. The conversion period will be from November 29, 2020 to October 29, 2024. The payment date is November 27, 2019. The transaction was approved by the board on November 27, 2019.
TONYMOLY CO., LTD is a Korea-based company principally engaged in development, manufacture and distribution of cosmetic products. The Company mainly manufactures skin care products, makeup products and cosmetic related accessories including brushes, containers, mirrors and others. The Company mainly sells products under brand name of TONYMOLY. And the Company distributes its cosmetic products through specialty stores, department stores, online shopping malls and others, as well as to overseas markets.