공고 • Jul 06
Fine besteel. Co., Ltd. announced that it expects to receive KRW 19.46 billion in funding from Samsung Securities Co., Ltd., KB Securities Co., Ltd., Korea Investment & Securities Co., Ltd., Hanyang Securities Co. Ltd., Eugene Savings Bank Co., Ltd, NH Investment & Securities Co., Ltd., Asset Management Arm and other investors
Fine Besteel Co., Ltd. announced a private placement of series 2 unregistered coupon unguaranteed private convertible bond for a gross proceeds of KRW 2,460,000,000 and Series 3 Unsecured privately placed convertible bonds with bearer interest for the gross proceeds of KRW 17,000,000,000; aggregate gross proceeds of KRW 19,460,000,000 on July 5, 2023. The transaction will include participation from Jung, Hwe Jeong, for KRW 1,560,000,000, Kim, Hyung Min for KRW 900,000,000. The bonds have coupon rate zero and yield to maturity of 1%. The bonds will mature on July 7, 2028. The bonds will be 100% converted into 949,074 common shares at a fixed conversion price of KRW 2,592 per share for an equity stake of 3.07%. The conversion period is from July 7, 2024 to June 7, 2028. The payment date of the transaction is July 7, 2023. The securities issued in the transaction are subject to a lock up period of one year. The transaction has been approved by the board of directors of the company.
Series 3 Bonds - The tranaction will include participation from new investors Hanyang Securities Co. Ltd. for KRW 3,000,000,000, NH Investment & Securities Co., Ltd. for KRW 1,000,000,000, Mirae Asset Securities Co. Ltd. for KRW 1,000,000,000, Eugene Savings Bank Co., Ltd for KRW 1,000,000,000, NH Investment & Securities Co., Ltd. (in the position of trustee of Funds 1, 2, 3, 4, 5, 6) for KRW 2,100,000,000, KB Securities Co., Ltd. (in the position of trustee of Fund 7) for KRW 150,000,000, Korea Investment & Securities Co., Ltd. (in the position of trustee of Fund 8) for KRW 50,000,000, Samsung Securities Co., Ltd. (in the position of trustee of Fund 9) for KRW 700,000,000, Samsung Securities Co., Ltd. (in the position of trustee of the Fund 10,11) for KRW 3,000,000,000, Samsung Securities Co., Ltd. (in the position of trustee of the Fund 12,13) for KRW 2,000,000,000, NH Investment & Securities Co., Ltd. (in the position of trustee of the fund 14, 15, 16) for KRW 1,000,000,000, Samsung Securities Co., Ltd. (in the position of trustee of Fund 17) for KRW 1,000,000,000 and NH Investment & Securities Co., Ltd. (in the position of trustee of Fund 18) for KRW 1,000,000,000. The transaction has been approved by the shareholders of the company and is expected to close on July 7, 2023. The bonds bear zero coupon rate and 3% maturity rate and will mature on July 7, 2028. The bonds are 100% convertible into 6,558,641 shares at a fixed conversion price of KRW 2,592 from July 7, 2024 to June 6, 2028. The securities issued in the transaction are subject to a lock up period of one year.