Gemvaxlink Co., Ltd. announced that it has received KRW 5.6 billion in funding
May 17, 2020
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Feelingk Co., Ltd (KOSDAQ:A064800) announced a private placement of Series 11 unregistered unguaranteed private convertible bonds for gross proceeds of KRW 5,600,000,000 on May 18, 2020. The transaction included participation from Jinhyun International Co., Ltd for KRW 2,000,000,000, Blue Hawk Partners Co., Ltd for KRW 1,000,000,000, Remake Asset Co., Ltd for KRW 400,000,000, individual investors Lee Unkyung for KRW 500,000,000, Kwak Eun Kyung for KRW 500,000,000, Jinki Choi for KRW 300,000,000, Sungjae Park for KRW 300,000,000, Park Hee-won for KRW 200,000,000, Jeon Sun-hye for KRW 100,000,000, Youngmi Nam for KRW 100,000,000, chyle for 100,000,000 and Kyunghee Cho for KRW 100,000,000. The bonds will not bear any interest and will mature on May 18, 2023. The bonds are fully convertible at a fixed conversion price of KRW 1,214 per share into 4,612,850 common shares from May 18, 2021 to April 18, 2023. The transaction has been approved by the board of directors of the company.
GemVaxLink Co Ltd, formerly Feelingk Co Ltd, is a Korea-based company mainly engaged in the sale of clothing miscellaneous goods. The Company operates its business through two segments. The Overseas Fashion Business segment sells apparel, fashion, miscellaneous goods, and luxury goods. The Wireless Internet Solution Business segment mainly develops wireless Internet solutions such as short message service center (SMSC) and long message service center (LMSC) systems, wireless application protocol (WAP) gateways and multimedia message service center (MMSC) systems, and other wireless Internet solutions such as ring back tone (RBT), unified messaging system (UMS) as well as wireless Internet platforms for interoperability (WIPI) globalization solutions under the brand name of Feelingk. The Company also involves in the management consulting and real estate rental business.
GEMVAXLINK CO., LTD. 
