Danal Co., Ltd. announced that it expects to receive KRW 15 billion in funding from NH Investment & Securities Co., Ltd., Investment Arm, Samsung Securities Co. Ltd., Investment Arm, KEB Hana Bank, Investment Arm, Industrial Bank of Korea, Investment Arm, BNK Securities Co., Ltd., Investment Arm
March 07, 2019
Share
Danal Co., Ltd. (KOSDAQ:A064260) announced a private placement of 6th series unregistered and unguaranteed private convertible bonds for gross proceeds of KRW 15,000,000,000 on March 8, 2019. The transaction will include participation from NH Investment & Securities Co., Ltd., Investment Arm for KRW 2,700,000,000, Samsung Securities Co. Ltd., Investment Arm for KRW 2,800,000,000, KEB Hana Bank, Investment Arm for KRW 6,000,000,000, Industrial Bank of Korea, Investment Arm for KRW 2,000,000,000, BNK Securities Co., Ltd., Investment Arm for KRW 1,500,000,000. The bonds carry coupon rate of 0% and yield to maturity of 1%. The bonds have maturity date of March 12, 2023. The bonds are convertible into 4,026,845 common shares at a fixed conversion price of KRW 3,725 per share for a period from March 12, 2020 to February 12, 2023. The expected payment and subscription date is March 12, 2019. The transaction was approved by the board of directors of the company. The bonds will be issued at par.
DANAL Co., Ltd. is a Korea-based company mainly engaged in the provision of online payment services. The Companyâs activities include commerce business, which provides online payment services for purchasing games, music, movies and other contents using mobile phones and fixed phones; game business, which engages in the publishing of online games; contents business, which provides entertainment contents, such as ringtones, ring back tones, celebrity pictures, celebrity blogs and mobile horoscopes, and wireless download services of multimedia contents. In addition, the Company engages in the Internet advertising business and travel business. The Companyâs stake in the PAN Entertainment Co., Ltd decreased to 0%.
Danal Co., Ltd. announced that it expects to receive KRW 15 billion in funding from NH Investment & Securities Co., Ltd., Investment Arm, Samsung Securities Co. Ltd., Investment Arm, KEB Hana Bank, Investment Arm, Industrial Bank of Korea, Investment Arm, BNK Securities Co., Ltd., Investment Arm